Latest ABS news

  • Mercedes-Benz sizes up first 2019 China auto ABS

    Mercedes-Benz Auto Finance is on track to price its largest ABS trade under the Silver Arrow China series. The originator, having previously turned to Moody’s and Fitch for international ratings, switched to S&P and gained an AAA rating for its deal.

    • 17 Apr 2019
  • CCB returns with triple-A rated Jianyuan 2019-2

    China Construction Bank is looking to close its Rmb10.25bn ($1.53bn) Jianyuan 2019-2 residential mortgage backed securities transaction next week. The deal has an AAA international rating from S&P.

    • 17 Apr 2019
  • BMW gears up for Rmb2.5bn auto lease ABN

    BMW Automotive Finance (China) is on track to launch its debut auto lease receivables-backed securitization. The company is expecting to close the Rmb2.5bn ($373m) Bavarian Sky China Leasing 2019-1 asset backed note later this week.

    • 15 Apr 2019
  • Geely ABS thrives after strong foreign bid

    Genius Auto Finance, a joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance, has raised Rmb3bn ($446m) from a three-tranche auto ABS. It was the tightest such deal this year, after receiving plenty of demand from foreign banks.

    • 10 Apr 2019
  • Ping An to bring variety to surging China auto ABS market

    Geely and Dongfeng-Nissan will return to the Chinese auto loans ABS market next week with a total of Rmb7.4bn ($1.1bn) of paper. But while China’s auto loans ABS market has been dominated by auto finance companies (AFCs), Ping An Bank will soon bring the first internationally rated auto loan ABS originated by a commercial bank.

    • 03 Apr 2019
  • BMW’s early ABS heralds market boom

    BMW Auto Finance on Tuesday brought its biggest Chinese auto loan ABS since its market debut five years ago. The Rmb 5.5bn ($820m) deal, said bankers, showed that the market will boom this year.

    • 21 Mar 2019
  • BMW eyes ABS deal after Panda

    A week after BMW debuted in the Panda market with a Rmb3bn ($447m) three year private placement, its onshore financing arm, BMW Automotive Finance, returned to more familiar territory with a Rmb5.5bn auto loan ABS.

    • 13 Mar 2019
  • China’s SAIC-GMAC prints ABS comeback amid low yields

    SAIC-GMAC, one of the first issuers in China’s auto loan ABS market, returned with a Rmb10bn ($1.49bn) three-tranche transaction this week.

    • 06 Mar 2019
  • Green knowledge is not an efficient market

    Biofuels have swollen thanks to policies to combat climate change — even though often, they do not help the problem and can make it worse. This is a shocking record, born of ignorance, both accidental and wilful.

    • 12 Feb 2019
  • Green bond players size up chances of 2019 growth

    Green bond watchers are putting out their forecasts for issuance this year, hoping for a return to growth after a disappointing 2018. The year has started decently, with at least $6bn issued so far, including this week’s debut issue from Telefónica, hailed as the first from the telecoms sector.

    • 01 Feb 2019

ABS news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 26.40
2 Industrial and Commercial Bank of China (ICBC) 20.00
3 China Securities 13.33
4 Agricultural Bank of China (ABC) 12.00
5 Bank of China (BOC) 11.33

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 6,126.98 28 9.16%
2 Goldman Sachs 5,830.12 20 8.72%
3 Morgan Stanley 4,329.51 27 6.48%
4 China International Capital Corp Ltd 3,921.06 17 5.86%
5 UBS 3,727.37 21 5.58%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,570.23 112 8.45%
2 JPMorgan 9,000.86 54 6.05%
3 Citi 8,900.47 66 5.98%
4 Credit Suisse 5,860.46 43 3.94%
5 Standard Chartered Bank 5,747.27 53 3.86%

Asian polls & awards

  • GlobalCapital Asia capital markets awards 2018: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.

  • GlobalCapital Asia capital markets awards 2018: Bonds

    In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.

  • GlobalCapital Asia capital markets awards 2018: Equities

    In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

  • GlobalCapital Asia capital markets awards 2018: Loans

    GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.

  • GlobalRMB awards: Most impressive issuers, best law firm

    In this third part of the GlobalRMB awards, we present our reasons for choosing the best issuers in the FIG, corporate and SSA categories — and praise the strong performance of one well-known foreign law firm.