China ABS off to strong start, BMW scores

Addison Gong

January 14, 2021 09:45 AM

BMW_575px_adobe_14Jan21 — BMW standing on the road, lower side view with light alloy rims and tires | EKH-Pictures - stock.adobe.com

BMW Automotive Finance (China) Co has sold its first auto loan ABS of 2021, locking in longer-dated financing with a 14 month revolver. The deal added to a strong start for the onshore securitization market in the New Year as bond yields fell from their highs at the end of 2020, writes Addison Gong.

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Topics

CITIC Securities China ICBC Asia Greater China Standard Chartered China Bonds Northeast Asia China MUFG Asia Pacific Securitization China Securitization Emerging Markets

AG

Addison Gong

SSA editor GlobalCapital