Mercedes-Benz readies auto loan ABS comeback

Addison Gong

April 10, 2017 11:15 am

Mercedes_Benz_1_230px — A Mercedes-Benz hood ornament. Daimler is said to favor Poland over Slovakia and Russia for the construction of a new car plant. Hungary has also been named as a potential candidate. Polish officials so far have given no leads on the upcoming project which could bring a thousand jobs to the country. | NurPhoto/SIPA USA/PA Images

China’s auto ABS market is heating up after a third deal was announced within a week. Mercedes-Benz Auto Finance’s Silver Arrow China 2017-1 is the latest, featuring two hard credit enhancements and a liquidity support of a general reserve amount.

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Topics

China ICBC Asia Greater China Northeast Asia MUFG Asia Pacific Securitization ABS Emerging Markets

AG

Addison Gong

SSA editor GlobalCapital