Ford bags Rmb2.98bn in China auto ABS return

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By Rev Hui
25 Apr 2016

Ford Auto Finance (China) returned to the auto ABS market last week with a Rmb2.98bn ($458m) offering that allowed it to cut its funding costs by 30bp.

The auto finance company is a regular ABS issuer, having executed two such transactions for around Rmb6bn in 2015. 

Its last outing was the Rmb2.99bn Fuyuan 2015-2 Retail Auto Mortgage Securitization last December, which drew a lot of attention as the senior portion was priced 140bp tighter than ...

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