While some ABS bankers enjoyed Christmas party season, the week leading up to the holidays was not so relaxing for those working on deals in China, Korea and Taiwan. The extra hours proved profitable, with four transactions completed, all establishing some sort of benchmark.

Most focus centered on the two government-supported pilot securitization programs in China: China Construction Bank's (CCB) RMB3 billion ($371.6 million) MBS offering and China Development Bank's (CDB) RMB4.2 billion infrastructure loans CLO.

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