News Column

Industrial Bank Successful in Inviting Bid for 1st ABS

January 27, 2014

FUJIAN , January 27 , SinoCast -- Industrial Bank Co., Ltd. (SHSE: 601166) completed inviting a bid for its first credit assets-backed securities (ABS) in 2014. The bank will issue CNY 5.184185 billion ABS this time, total subscriptions hit CNY 7.8149 billion , 1.59 times the base number of the bid. This is the first approved ABS project of a joint-stock commercial bank and the largest bid-invited ABS project issued by a joint-stock commercial bank since 2012.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Sinocast Banking & Credit Beat (China)

Story Tools