Toyota sets high bar for China’s ABS market in Year of the Ox

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Toyota sets high bar for China’s ABS market in Year of the Ox

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YEMEN – MARCH 13, 2010: Off-road vehicle on the edge of a steep cliff over breakaway at plateau Bokur (800m high). Extreme mountain safari is one of the main local tourist attraction in Yemen | Oleg Znamenskiy/Oleg Znamenskiy - stock.adobe.com

Toyota Motor Finance (China) Co has sealed the senior tranches of its auto ABS deal at negative spreads to onshore benchmarks thanks to strong backing from Japanese investors, putting the post-Chinese New Year securitization market on strong footing.

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