Toyota races to sell first China auto ABS in Year of the Ox

Addison Gong

February 24, 2021 06:00 am

adobestock_Toyota_575x375_Oct2020 — siegen, North Rhine-Westphalia/germany - 28 10 18: toyota car signs in siegen germany | Tobias Arhelger - stock.adobe.com

Toyota Motor Finance (China) Co plans to launch its first auto loan securitization deal of 2021 under the Toyota Glory series next week. The originator will open the onshore auto ABS market after the Lunar New Year break with a Rmb5bn ($774m) transaction — its largest to date.

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Topics

China Merchants Securities Co China Asia Greater China Mizuho China Bonds Bank of China Northeast Asia China MUFG Asia Pacific Securitization China Securitization Emerging Markets

AG

Addison Gong

SSA editor GlobalCapital