Cinda plans to securitize US$604 million in bad loans

Cinda Asset Management plans to securitize US$604 million of Bank of China's bad loans, reports the Financial Times. Cinda is a state-owned firm that specializes…

1 minute readNovember 30, 2006 at 11:58 PM

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Cinda Asset Management plans to securitize US$604 million of Bank of China's bad loans, reports the Financial Times. Cinda is a state-owned firm that specializes in handling bad debts from China's big banks.

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