BoCom - 9.314B CNY Token

Overview

State-owned Bank of Communications (BoCom) was involved in an RMB 9.3 billion ($1.3 billion) residential mortgage-backed security transaction. It used BoCom’s proprietary Jucai Chain, and in this case, details of the underlying mortgages and payments are logged on the chain giving investors a transparent view.

Issuer(s): Bank of Communications (BoCom)
Date: 9/28/2018
Country: China
Size (Native Currency): 9.314B RMB
Size (USD): $1.352B
Length: N/A
Interest Rate: 3.80% for the senior A1 tranche, which was 2.25 times oversubscribed, and a rate of 4.78% for the senior A2 tranche, which was 2.36 times oversubscribed.
Blockchain: Jucai Chain