PSB constructs China’s first internationally rated RMBS

small house_230px
By Rev Hui
12 Jul 2016

Foreign investors have got their first taste of Chinese residential mortgage backed securities after Postal Savings Bank of China managed to draw them in with the inaugural internationally rated offering from the asset class.

Before PSB’s Rmb3.82bn ($574m) Jiamei 2016-1 RMBS, the only other asset class in China’s securitization market that had an international element was auto loan ABS.

Volkswagen spearheaded the effort to bring China auto ABS onto the global stage with its Rmb800m Driver China One trade, rated by Fitch ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial