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Ant MCC ABS

Sector: Commercial • Location: China

Source: International Finance Corporation (IFC)

Project
Active

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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The project “Ant MCC ABS” is an infrastructure initiative in the Commercial sector, located in China. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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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”).

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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