Home Credit innovates with consumer loan ABS

By Addison Gong
08 Jan 2021

Chinese originator Home Credit Consumer Finance Co sold a Rmb1bn ($155m) consumer loan ABS this week, opting for a different type of underlying assets compared to its past deals.

The senior tranches of the transaction, Jie Ying 2021 phase I consumer loan backed notes (Jie Ying 2021-1), are split between a Rmb665m class A tranche with a weighted average (WA) life of 0.34 years, and a Rmb102m 1.1 year class B. The fixed rate notes are supported ...

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