VW cuts revolving period in year’s first China ABS

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VW cuts revolving period in year’s first China ABS

Addison Gong
May 12, 2021 08:45 AM
Volkswagen VW car logo from Adobe 30Mar20 575x375
Mulhouse - France - 11 November 2018 - Closeup of rain drops on red Volkswagen polo logo on car front parked in the street | pixarno - stock.adobe.com

Volkswagen Finance (China) Co came to the onshore auto ABS market for the first time in 2021 with a Rmb5.97bn ($929m) transaction this week, slashing the revolving period to three months to achieve a competitive pricing.

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China Merchants Securities CoChinaICBCAsiaGreater ChinaStandard CharteredChina BondsNortheast AsiaChinaMUFGAsia PacificSecuritizationChina SecuritizationEmerging Markets
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Addison Gong
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