Fitch expects growing Chinese CDO issuance

The deal was a collateralised loan obligation (CLO) originated by the China Development Bank with a portfolio size of 4.2 billion renminbi ($500 million). It was a cashflow balance sheet securitisation with 29 obligors in the pool, which are mainly large Chinese corporates, with investor interest coming from Chinese institutions. Charles Chang, Fitch’s Hong Kong-based director of structured credit for the Asia-Pacific, believes there are many opportunities for CDO issuance in China, as there