SAIC-GMAC brings China’s first revolving auto ABS

Rev Hui

February 11, 2016 04:15 am

GMAC — HOLD FOR BUSINESS PHOTO-- The sun is reflected in the grill of a 2013 GMC Yukon Denalli AWD on Tuesday, July 23, 2013 in Pittsburgh. (AP Photo/Gene J. Puskar) | Gene J. Puskar/AP/Press Association Images

The China auto ABS market is having a busy start this year with SAIC-GMAC Automotive Finance poised to follow in the footsteps of Beijing Hyundai and Volkswagen to become the third issuer in 2016. But the originator is creating a first for Chinese auto ABS with a revolving structure.

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Topics

CITIC Securities China Asia Mizuho News content Securitization ABS Emerging Markets DBS

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Rev Hui