BMW opts for simple structure for new auto lease ABN

BMW_AdobeStock_575x375_13May20
By Addison Gong
20 Apr 2021

China-based Herald International Financial Leasing Co, a unit of BMW Group, has returned to the onshore securitization market. It switched to a straightforward two-tranche structure for the Rmb3bn ($461m) auto lease asset backed notes (ABN), pricing the senior tranche at a competitive spread.

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