GAC-Sofinco drives home tightly priced auto ABS

Schuldschein car rear light from Adobe 230x150
By Rebecca Feng
06 Dec 2019

GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, wrapped up a Rmb6bn ($851m) four tranche internationally rated auto ABS deal on Thursday. The trade was priced tightly thanks to the issuer’s good relationship with banks.

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