Investors give Mercedes-Benz ABS easy ride

Noah Sin

September 20, 2017 11:15 AM

Mercedes_Benz_1_230px — A Mercedes-Benz hood ornament. Daimler is said to favor Poland over Slovakia and Russia for the construction of a new car plant. Hungary has also been named as a potential candidate. Polish officials so far have given no leads on the upcoming project which could bring a thousand jobs to the country. | NurPhoto/SIPA USA/PA Images

Chinese investors warmly welcomed Mercedes-Benz Auto Finance’s second outing this year in China’s securitization market, helping the originator raise Rmb4.98bn ($760m) from the senior tranche of its deal.

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Topics

CITIC Securities China ICBC Asia Greater China China Bonds Northeast Asia News content China Asia Pacific Sumitomo Mitsui Financial Group Standard Chartered Mizuho Morgan Stanley Securitization ABS Emerging Markets

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Noah Sin