BMW revisits Chinese ABN market, seals tight deal

BMW_HQ_PA_575X375_15Apr20
By Rebecca Feng
15 Apr 2020

Herald International Financial Leasing, a subsidiary of German carmaker BMW, bagged a Rmb3bn ($425m) dual-tranche asset-backed note on Tuesday, its largest ABN outing yet. Both the senior tranches were priced 100bp tighter than the issuer’s last two outings.

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