NPL securitization takes centre stage with triple decker

It has been a busy period for the structured finance community in China with three lenders securitizing a combined Rmb3.28bn ($491m) worth of non-performing loans (NPLs) in the space of a week.

  • By Rev Hui
  • 29 Sep 2016

Two of the three transactions were executed on September 23, although the underlying loans of the deals were different.

The larger of the two was China Construction Bank’s (CCB) Rmb1.56bn 2016-2 NPL Securitization, which was backed by 7,980 residential mortgages.

This was the first time residential mortgages were ...

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