Size matters: BMW prices record China auto loan ABS

China money resized 230px
By Rev Hui
16 Jun 2016

Size was the highlight for BMW Automotive Finance this week as it executed the joint largest China auto ABS by a foreign company, raising Rmb4bn ($607m) with its Bavarian Sky China 2016-1 Trust.

The latest ABS outing from BMW is its largest in China, beating its Rmb2.57bn Bavarian Sky China 2015-1 and Rmb3.5bn 2015-2 transactions.

Similar to last year's deals, the 2016-1 sported a four-tranche structure with A1 (Rmb1.63bn) and A2 (Rmb1.63bn) notes at the top followed by a floating ...

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