Hong Kong property developer Chinese Estates Holdings has begun marketing a commercial mortgage-backed securitization, according to banking sources.

The HK$1.8-2 billion (US$232-258 million) transaction, arranged by SG Asia, will securitize the rental income of Windsor House, a retail and office building located in Causeway Bay, a major commercial district in Hong Kong. The three-year issue comprises three tranches and is expected to receive provisional ratings from Moody's by the end of September.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.