You are here

China bank to sell securities backed by bad debt

Tuesday, July 26, 2016 - 05:50


AGRICULTURAL Bank of China Ltd is planning China's largest sale so far under a trial programme for lenders to offload bad loans by packaging them as asset-backed securities.

The lender plans to sell securities backed by 10.7 billion yuan (S$2.2 billion) of non-performing

Powered by GET.comGetCom

Market voices on:

Powered by GET.comGetCom