Latest CMBS/RMBS news

  • The lowdown: China ABS market report

    China Central Depository and Clearing (CCDC) published its biannual report on China’s asset backed securitization (ABS) market on August 8. It recommended regulators loosen up liquidity, provide incentives to attract more participants, and test the waters by opening an offshore ABS market. Here’s a quick guide to what CCDC said.

    • 16 Aug 2017
  • China adds five banks to NPL ABS pilot scheme

    Beijing this week picked five commercial banks as the second batch of a pilot programme that allows the issuance of asset-backed securities using their non-performing loans (NPLs).

    • 20 Apr 2017
  • FRNs capture issuers’ fancy as rate hike looms

    China Development Bank jumped on the floating rate note (FRN) bandwagon this week, bagging $3bn equivalent and adding its name to a list of issuers that recently sold bonds in the format. With demand rather than supply driving deals, and with interest rate hikes looming, the stage is nicely set for more FRN trades, writes Addison Gong.

    • 02 Mar 2017
  • 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.

    • 29 Sep 2016
  • Chinese trio set stage for NPL securitization bonanza

    Non-performing loans (NPLs) securitization is heating up with China Construction Bank (CCB) scheduled for a Rmb1.56bn ($234m) return on Friday, just three days after making its debut in the asset class. It will not be alone, with ICBC also set for a Rmb1.08bn offering on Friday, while China Merchants Bank will cement its third appearance next week.

    • 22 Sep 2016
  • CCB to make NPL securitization debut

    China Construction Bank (CCB) is set to become the fourth Chinese lender to securitize nonperforming loans (NPLs) with a Rmb702m ($105m) offering scheduled to launch on September 20.

    • 14 Sep 2016
  • ABC keeps NPL securitization momentum going

    The budding Chinese non-performing loans securitization market recorded its fourth transaction in little more than two months with Agricultural Bank of China (ABC) completing a Rmb3.06bn ($462m) offering — the largest on record since the asset class restarted this year.

    • 01 Aug 2016
  • PSB constructs China’s first internationally rated RMBS

    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.

    • 12 Jul 2016
  • Chinese RMBS goes international with PSB

    The Chinese securitization market is set for a big boost with Postal Savings Bank of China scheduled to launch the country’s first internationally rated residential mortgage-backed securitization (RMBS) on Thursday.

    • 04 Jul 2016
  • CMB seals NPL securitization return with micro loans

    China is pushing on with the development of its non-performing loans securitization market, which only restarted last month, with China Merchants Bank (CMB) sealing the asset class’s third transaction.

    • 30 Jun 2016

CMBS/RMBS news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 16,398.71 87 6.20%
2 UBS 14,468.05 89 5.47%
3 Morgan Stanley 12,696.27 63 4.80%
4 Goldman Sachs 11,964.67 61 4.53%
5 China International Capital Corp Ltd 11,605.84 57 4.39%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,355.30 248 7.98%
2 Citi 34,549.67 198 7.80%
3 JPMorgan 26,213.80 145 5.92%
4 Bank of America Merrill Lynch 21,812.93 113 4.92%
5 Standard Chartered Bank 18,550.38 140 4.19%

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