Dongfeng Nissan braves rising yields with auto ABS

Rebecca Feng

June 17, 2020 09:00 am

Auto_ABS_AdobeStock_575x375_03March20 — Rows of cars parked on the roadside in residential district | bilanol - stock.adobe.com

Chinese automaker Dongfeng Nissan sold a Rmb4bn ($564m) four tranche auto ABS transaction on Tuesday. The deal got strong demand, following a recent spike in onshore yields.

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Topics

China Merchants Securities Co China Asia Greater China China Bonds Morgan Stanley Northeast Asia China Asia Pacific Securitization ABS China Securitization Emerging Markets

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Rebecca Feng