SAIC-GMAC to make ABS return with static pool

Rev Hui

June 13, 2016 09:00 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

SAIC-GMAC Automotive Finance is set for its second China auto ABS of the year, with the Rmb4bn ($609m) Rongteng 2016-2 Retail Auto Mortgage Loan Securitization to launch on Friday. But unlike the company’s trade from February, the upcoming offering will feature a static pool instead of a revolving structure.

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Topics

CITIC Securities China Merchants Bank Co China Asia Mizuho Securitization ABS Emerging Markets DBS

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Rev Hui