Geely ABS thrives after strong foreign bid

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Geely ABS thrives after strong foreign bid

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

Genius Auto Finance, a joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance, has raised Rmb3bn ($446m) from a three-tranche auto ABS. It was the tightest such deal this year, after receiving plenty of demand from foreign banks.

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