Home / Business / Finance Tools: Save | Print | E-mail | Most Read
CCB will offer asset-backed bonds
Adjust font size:

China Construction Bank Corp, the nation's largest mortgage lender, plans to raise four billion yuan (US$541 million) selling residential mortgage-based securities, the second such sale in the country.

 

The notes will be sold to institutional investors on the nation's interbank bond market between December 11 and 14, the Beijing-based bank said on Tuesday. The securities will be divided into three portions and carry domestic ratings of BBB to AAA. China Construction Bank and China Development Bank, a state-owned lender that funds public works, started a pilot program in 2005 to sell asset-backed bonds.

 

(Shanghai Daily December 6, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username Password Anonymous
China Archives
Related >>
- CCB 57-bln-yuan net profit in first nine months
- CCB to invest in Beijing-Shanghai high-speed railway
- Temasek sells banking shares
Most Viewed >>
- Gold futures jumps to daily limit upon debut
- Chinese economy in 2007
- Survey: B2B transaction volume up 25.5% in 2007
- Policy bank eyes rail project stake
- China Eastern not to ally with Air China

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?