Fri 11/11/2022 04:18 AM
For potential bond issuances by real estate companies under the “Second Arrow” program, China Bond Insurance Co. plans to significantly raise the loan-to-value ratio (LTV ratio) for collateral posted as a counter-guarantee for China Bond Insurance’s guarantee, according to four sources familiar with the matter.
A higher loan-to-value ratio would suggest less collateral is needed as the counter-guarantee, or larger financings can be obtained for the same value of collateral, sources...
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