Genius pierces through comparables in first 2021 deal

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By Addison Gong
05 Mar 2021

Genius Auto Finance Co priced its first auto ABS outing of the year under the Generation series on Thursday. It sold the senior class A1 tranche of the Rmb4.7bn ($726.8m) transaction at a negative spread to the onshore pricing benchmark and inside a comparable trade from this week.

Established in 2015, Genius is an 80/20 joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance. A relatively new ABS originator in China compared to many of its peers, Shanghai-based Genius has quickly established an onshore presence, having sold nine transactions since its debut in ...

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