SAIC-GMAC revs up China’s first revolving auto ABS

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By Rev Hui
18 Feb 2016

SAIC-GMAC is poised to become the third issuer in the China auto ABS market this year. But the auto finance company has set its sights on a landmark trade, opening books on the country’s first auto ABS with a revolving structure.

All Chinese auto ABSs so far have come with a static pool but the Rmb3bn ($456m) Rongteng 2016-1 Retail Auto Mortgage Loan Securitization is set to change that.

Rongteng 2016-1 comes with a revolving pool and new loans will be added to the portfolio every month until February ...

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