Dongfeng Nissan launches fixed/floating rate auto ABS

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By Rev Hui
13 Oct 2016

Dongfeng Nissan Auto Finance is in the market with its second auto ABS of the year, opening books for a Rmb4bn ($595m) VINZ 2016-2 Retail Auto Loan Securitization on Thursday.

Similar to its most recent transaction in June, the Rmb3bn VINZ 2016-1, Dongfeng Nissan is adopting the same fixed/floating rate combo for the senior portion of the offering.

Lead main underwriter Citic Securities is marketing the Rmb1bn fixed rate 'A1' notes at 2.6%-3.6% while the Rmb2.46bn floating rate ...

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