Geely’s second ABS prices tighter than bigger names

After its successful debut in the Chinese ABS market, Genius Auto Finance, the joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance, scored an equally popular follow-up deal at an even tighter price.

  • By Rebecca Feng
  • 06 Dec 2018

After debuting in the Chinese auto loan ABS market with a three times oversubscribed Rmb1.94bn ($283m) single tranche deal in August, the carmaker was confident enough to approach investors with a more ambitious deal.

The new note, priced on December 4, consists of an AAA rated class A1 ...

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5 Bank of China (BOC) 11.33

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1 Standard Chartered Bank 46.13
2 UBS 9.55
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