Latest ABS news

• GAC-Sofinco drives home tightly priced auto ABS

  

  GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, wrapped up a Rmb6bn ($851m) four tranche internationally rated auto ABS deal on Thursday. The trade was priced tightly thanks to the issuer’s good relationship with banks.

  • 06 Dec 2019

• GAC-Sofinco joins China auto ABS party

  

  GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, will hit the Chinese auto ABS market with a Rmb6bn ($854m) four-tranche transaction next Thursday, marking its largest deal so far.

  • 29 Nov 2019

• Asian project finance gets boost from AIIB-backed platform

  

  The Asian Infrastructure Investment Bank (AIIB) and Singapore’s Clifford Capital have launched a new infrastructure debt financing platform that will remove some of the pressure on banks financing projects. It will also position Singapore as the leader in a sector that desperately needs private funds, writes Morgan Davis.

  • 28 Nov 2019

• Philippines and World Bank bring cat bond first

  

  The World Bank has issued the first catastrophe bond to be sponsored by an Asian government, and the first to be listed on the Singapore Exchange. The Philippines will receive protection against damage caused by earthquakes and cyclones, writes Jasper Cox.

  • 26 Nov 2019

• Chinese insurers encouraged to issue cat bonds in HK

  

  Hong Kong is set to welcome catastrophe bonds from mainland Chinese insurance companies, after an agreement to relax issuance rules.

  • 21 Nov 2019

• Volkswagen prices come-back deal tightly

  

  Volkswagen Finance (China) has returned to the Chinese auto loan ABS market after a two-year break. The company priced the senior tranche of its Rmb5.97bn ($851) deal at the lower end of guidance.

  • 14 Nov 2019

• SAIC-GMAC, Beijing Hyundai wrap up ABS deals

  

  Beijing Hyundai Auto Finance and SAIC-GMAC Automotive Finance priced their Chinese auto loan ABS transactions on Tuesday.

  • 13 Nov 2019

• BMW finishes year strong with Rmb8bn dual-tranche ABS

  

  BMW Auto Finance (China) has wrapped up its last foray of the year into the Chinese auto loan ABS market with a tightly priced deal. A diverse group of investors took up the senior tranche of the Rmb8bn ($1.14bn) trade, said bankers.

  • 12 Nov 2019

• Volkswagen returns to China auto ABS after long break

  

  Volkswagen Finance (China) will come back to the Chinese auto loan ABS market after a two-year break on November 13. The Beijing-based originator is offering a Rmb5.97bn ($851m) dual-tranche note equipped with two international ratings.

  • 07 Nov 2019

• Dongfeng Nissan drives home the largest ABS to date

  

  Dongfeng Nissan Auto Finance bagged Rmb6.5bn ($920m) from its third auto loan ABS trade of the year on Wednesday. Despite being the largest ABS trade the originator has done, the four tranche deal was well covered.

  • 06 Nov 2019

ABS news archive