Novel structure for Chinese export credit bond

(International Financing Review, 14 December 2013, London) Standard Chartered has come up with a novel way of transferring the risk of lending to unrated Chinese exporters and importers to the capital markets. The bank has brought two structured financings to the international markets in recent months backed by loans to Chinese entities. Each loan benefits from a Chinese export credit agency guarantee... The most logical candidates for these deals are exporters and importers, which would be eligible for guarantees from credit agencies, such as Sinosure and the Export-Import Bank of China.