Ant MCC ABS
Sector: Commercial • Location: China
Source: International Finance Corporation (IFC)
The proposed investment entails IFC’s exposure of up to RMB480 million (US$77 million equivalent), in the form of Partial Credit Guarantee (“PCG”) for and/or direct purchase of a portion of the asset backed securities (“ABSs”) to be issued by a special purpose vehicle holding a portfolio of eligible micro and small loans originated by Chongqing Alibaba Microloan Co., Ltd (“Alibaba CQ MCC”, “Origin
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed investment entails IFC’s exposure of up to RMB480 million (US$77 million equivalent), in the form of Partial Credit Guarantee (“PCG”) for and/or direct purchase of a portion of the asset backed securities (“ABSs”) to be issued by a special purpose vehicle holding a portfolio of eligible micro and small loans originated by Chongqing Alibaba Microloan Co., Ltd (“Alibaba CQ MCC”, “Originator”). The total issuance size of the proposed ABSs will be up to RMB4 billion (US$655 million equivalent), with a weighted average life of up to 2 years. The proposed investment is aimed to support the Originator to expand lending to micro, small and medium sized enterprises (“MSMEs”). |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
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