The price is right: SAIC-GMAC seals ABS in China

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The price is right: SAIC-GMAC seals ABS in China

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Sold label in the new car at car showroom | 9tiw - Fotolia

SAIC-GMAC Automotive Finance has sealed its first asset-backed securities deal this year in the Chinese interbank bond market, raising Rmb3bn ($473.3m) from two floating-rate tranches on Monday.

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