SAIC-GMAC set for Rmb4bn auto ABS return

By Rev Hui
01 Mar 2017

SAIC-GMAC Automotive Finance is set to make its first auto ABS appearance this year with a Rmb4bn ($582m) Rongteng 2017-1 Retail Mortgage Loan Securitization — the first time it is securitising a subsidised portfolio.

While SAIC-GMAC may be looking to execute an identical deal in terms of size as its Rongteng 2016-2 from last June, both transactions are very different, especially when it comes to the asset pool.

The average size of ...

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