Mercedes-Benz pierces through comparables in ABS return

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Mercedes-Benz pierces through comparables in ABS return

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Moscow, Russia - June 02, 2017: Mercedes-Benz CLS 500 4MATIC car is drive near office buildings in Moscow | Ivan Kurmyshov/Ivan Kurmyshov - stock.adobe.com

Mercedes-Benz Auto Finance scored a tightly priced Rmb6.26bn ($914m) dual tranche auto securitization trade on Tuesday. The senior tranche was priced inside comparable levels, a first for the issuer and a rarity in China's auto ABS market.

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