China Development Bank is reportedly seeking clearance from the People's Bank of China to securitize RMB10 billion in infrastructure loans, making for the country's largest asset-backed securitization issue if approved. Quoting a CDB official, the South China Morning Post said new debt issued by the bank would be in future tied to performing assets, not non-performing loans. The issue is expected to be yuan-denominated and sell to domestic investors. China's last significant securitization effort was China Cinda Asset Management's RMB2.55 billion issue.
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