CMS Hong Kong acts on significant milestone securitisations in Asia
CMS Hong Kong’s Structured Finance team acted on three high value securitisations that successfully closed in August 2025.
Two of the deals represent significant milestones for the securitisation industry in Asia:
- the first rated Hong Kong RMBS securitisation issuance in over 20 years. The bonds were rated Aa2(sf) and A3(sf) by Moody’s.
- the first CDO (collateralised debt obligation) securitisation backed by debts linked to Hong Kong real estate assets.
The CMS team represented the Originator and Issuer.
Kingsley Ong, CMS Partner and Head of the Structured Finance team at CMS Hong Kong, comments: “Despite ongoing distress in the market, the success of our transactions demonstrate that Hong Kong real estate remains a highly sought-after prime asset class. In a volatile environment, securitisation provides critical financing diversification options and investment opportunities. At CMS, we are proud to continue driving innovation for our clients and the securitisation industry in Asia.”
The CMS team was led by Kingsley Ong with support from Tony Lau, Grace Lung and Kelly Wong.
CMS has one of the leading structured finance and securitisation practices in Hong Kong. The team advises arrangers, collateral managers, enhancement providers, investors, issuers, liquidators, liquidity providers, originators, rating agencies, servicers, sponsors, swap counterparties, trustees, and underwriters on a wide range of securitisations.
