Local investors keep Ford’s ABS on track

Noah Sin

January 19, 2018 09:45 AM

Ford badge 230x — The reflection of a Ford Five Hundred is shown on the tail gate and badge of a F-150 truck at Bob Maxey Ford in Detroit, Tuesday, July 19, 2005. Ford Motor Co. said its profit fell 19 percent in the second quarter from a year ago, stung by lower production and intense competition in North America, where it lost more than $900 million. (AP Photo/Paul Sancya) | PAUL SANCYA/AP/Press Association Images

Ford Automotive Finance (China) started the year in China’s asset-backed securities market by selling a Rmb4bn (Rmb618.3m) deal on Thursday. The deal was open to foreign investors, but onshore demand formed the core support for Ford’s sale, sources on the deal told GlobalRMB.

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Topics

Asia Market news China Merchants Securities Co China Market News ICBC Asia Greater China China Bonds Bank of China Northeast Asia News content China Asia Pacific Agricultural Bank of China EM People and Markets Securitization People and Markets China People and Markets People and Markets Sumitomo Mitsui Financial Group Standard Chartered Mizuho Morgan Stanley BNP Paribas Securitization ABS Emerging Markets China Securitization

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Noah Sin