GAC-Sofinco prices China auto ABS return

car key contract_575px_adobe_23Jul20
By Addison Gong
14 Oct 2020

GAC-Sofinco priced a Rmb4bn ($564m) four-tranche auto loan asset-backed securitization (ABS) on Tuesday, venturing into the market despite rising onshore yields in a move that puts it ahead of an expected surge of supply in the last quarter of the year.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial