BMW returns to China ABS with short revolver

Addison Gong

June 09, 2021 09:00 am

BMW_AdobeStock_575x375_13May20 — Bucharest, Romania - July 4, 2013: Illustrative editorial detail of the tachometer of a BMW M3 car. The BMW M3 is a high-performance version of the BMW 3-Series, developed by BMW's motorsport division, BMW M. | bizoo_n - stock.adobe.com

BMW Automotive Finance (China) sold a Rmb8bn ($1.25bn) auto loan ABS on Tuesday, its second outing this year. It slashed the revolving period to one month versus 14 in the last deal.

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Topics

CITIC Securities China Asia Greater China China Bonds Northeast Asia China Asia Pacific Securitization China Securitization Emerging Markets

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Addison Gong

SSA editor GlobalCapital