trending Market Intelligence /marketintelligence/en/news-insights/trending/XActnWXktQMq7XG-zGEWvA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Agricultural Bank of China to sell NPL-backed securities

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Agricultural Bank of China to sell NPL-backed securities

AgriculturalBank of China Ltd. plans to sell securities backed by 10.7 billionyuan of nonperforming loans, Bloomberg News reported July 25, citing astatement from the bank on the website of China's main bond clearinghouse.

The bank said it will issue two tranches of the NPL-backedsecurities, made up of a 2.06 billion yuan senior tranche and a 1 billion yuansubordinated tranche. The lender will sell the securities at 29% of the loans' facevalue, while the recovery rate on the debt is forecast is at 41%.

Chinese commercial banks have been to issue NPL-backed securitiesunder a pilot program as the banking sector grapples with rising bad loans. Thecountry's banking regulator said July 15 that the NPL securities program willbe expanded, but did not provide further details.

Bank of ChinaLtd. and ChinaMerchants Bank Co. Ltd. issued a total of 534 million yuan of NPL-backedsecurities in May.

As of July 22, US$1was equivalent to 6.68 Chinese yuan.