China ABS off to strong start, BMW scores

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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Further Reading
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Bonds
Onshore yields surge on policy, liquidity concerns
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Securitization
SAIC-GMAC preps rapid auto ABS return
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Regulation & Policy
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Bonds
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