China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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July 2006

Home Equity: Euro Heloc deal given test run

The first securitization of US home equity loan risk to be denominated in euros came to the market at the end of June via Countrywide Financial.


The deal involved a single €100 million tranche wrapped to triple A by FSA and placed by BNP Paribas with a single reverse enquiry investor. Backed by home equity lines of credit (Heloc), the deal is understood to carry pricing of 11 basis points over one-month...


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