Geely’s second ABS prices tighter than bigger names

auto ABS 230x
By Rebecca Feng
06 Dec 2018

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.

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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