Shanghai to Sell $1.1 Billion Bonds Backed by Public Home Loans

  • The product is the first such ABS on interbank market
  • The move can boost home sales and ease property inventory

Shanghai plans to sell 6.96 billion yuan ($1.09 billion) of bonds backed by local government-managed funds that provide mortgages as China seeks to boost home sales and clear a nationwide property oversupply.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.