Updated: SAIC-GMAC raises the stakes in China ABS

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By Noah Sin
30 May 2018

General Motors’ Shanghai-based joint venture is gearing up for its biggest securitization transaction in China. The Rmb10.4bn ($1.62bn) notes will be up for grabs not only for onshore investors, but also those tapping the market via Bond Connect.

The deal, which will be priced on June 5, will be the originator’s second outing in the market this year. SAIC-GMAC Automotive Finance last sealed a deal in China in March, raising Rmb4bn from two tranches.

The originator has a much more ambitious goal with its return ...

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