China Construction Bank to sell 4.02 bln yuan worth of MBS Dec 11-14
China Construction Bank, one of the country's four largest commercial banks, said it plans to sell 4.02 bln yuan worth of mortgage-backed securities (MBS) on the interbank money market from Dec 11 to Dec 14.
In a statement posted on the official Chinabond website (www.chinabond. com.cn), the bank said the floating-rate MBS will be sold in three tranches - 3.58 bln yuan will be Class A securities with ""AAA"" rating, 356.16 mln will be Class B with ""A"" rating and 82.38 mln will be Class C with ""BBB"" ratting.
The bank said the reference rate of the three tranches will be the one-year deposit rate, which currently stands at 3.87 pct.
The trustee and issuer of the securities will be China Credit Trust Co Ltd, with China International Capital Corp the main underwriter.
(1 usd = 7.4 yuan)
China Construction Bank, one of the country's four largest commercial banks, said it plans to sell 4.02 bln yuan worth of mortgage-backed securities (MBS) on the interbank money market from Dec 11 to Dec 14.
In a statement posted on the official Chinabond website (www.chinabond. com.cn), the bank said the floating-rate MBS will be sold in three tranches - 3.58 bln yuan will be Class A securities with ""AAA"" rating, 356.16 mln will be Class B with ""A"" rating and 82.38 mln will be Class C with ""BBB"" ratting.
The bank said the reference rate of the three tranches will be the one-year deposit rate, which currently stands at 3.87 pct.
The trustee and issuer of the securities will be China Credit Trust Co Ltd, with China International Capital Corp the main underwriter.
(1 usd = 7.4 yuan)
