Toyota taps into busy onshore ABS market with new deal

Addison Gong

August 06, 2021 08:45 am

A Toyota logo is seen at a car dealership in San Jose, California, United States on Tuesday, November 19, 2019. Toyota has supported President Donald Trump's plan to bar California from setting its own vehicle emissions rules. California governor Gavin Newsom said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler. (Photo by Yichuan Cao/NurPhoto) | Yichuan Cao/NurPhoto/PA Images

China’s securitization market was bustling with deals this week. Toyota Motor Finance (China) Co followed Beijing Hyundai Auto Finance Co to launch a Rmb5bn ($774m) auto loan ABS deal, with two more transactions also in the works.

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Topics

CITIC Securities China Sumitomo Mitsui Financial Group ICBC Asia Greater China Standard Chartered China Bonds Northeast Asia China Asia Pacific Securitization China Securitization Emerging Markets

AG

Addison Gong

SSA editor GlobalCapital