Latest ABS news

• Geely preps third auto ABS, scraps mezz tranche

  

  Genius Auto Finance will come back to the Chinese auto loan ABS market for a Rmb4bn ($564m) trade next week. That is the same size as its last deal, but the originator will scrap the mezzanine tranche this time around.

  • 16 Oct 2019

• China ABS volume set to top 2018 record as growth continues

  

  China’s asset backed securities (ABS) market has had a stellar year so far, with volumes jumping thanks to a big push from the regulators. But it’s not just a numbers story. The depth of the market has also improved, with better secondary liquidity and more offshore participation.

  • 03 Oct 2019

• The path to zero carbon: fast will mean firm

  

  Investors and banks are pledging right, left and centre to fight climate change. Good for them — but the economy must get to carbon neutrality as soon as possible. This cannot be done until banks and funds refuse to fund more fossil fuels.

  • 24 Sep 2019

• BMW drives home second auto lease ABN

  

  Herald International Financial Leasing, a subsidiary of BMW, bagged its second Rmb2.5bn ($353m) auto lease asset-backed note on Tuesday, pricing the dual-tranche deal at the tighter end of the price guidance range.

  • 18 Sep 2019

• BMW returns for second auto lease ABN

  

  BMW Auto Finance (China) is planning a comeback to asset-backed notes on September 17, and will replicate the structure of its April debut in the market.

  • 12 Sep 2019

• Green price ratchet bonds will soon be everywhere

  

  The sustainability-linked bond issued by Enel on Thursday opens a new chapter in the green finance market. Anyone tempted to think this will be a freak should think again. The idea is sure to catch on.

  • 10 Sep 2019

• GlobalCapital reveals SRI Award nominations

  

  GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.

  • 09 Aug 2019

• SAIC-GMAC readies third Rmb10bn auto loan ABS

  

  Shanghai-based SAIC-GMAC, an auto finance company owned by SAIC Motor Corp and General Motors Company, is planning to return to the auto loan ABS market next month with a Rmb10bn ($1.45bn) three-tranche deal.

  • 30 Jul 2019

• Ford returns to China with tighter, bigger auto ABS

  

  Ford Automotive Finance sold a Rmb4.776bn ($694m) four-tranche auto loan ABS on Tuesday, its biggest ABS so far, pricing the three senior tranches at tight levels.

  • 24 Jul 2019

• Geely returns with popular auto loan ABS

  

  Geely Automobile Holdings has made a rapid return to China’s auto loan ABS market with a Rmb4bn ($581.5m) deal that was a hit with the onshore arms of international banks. While the class A1 tranche was priced tightly, the issuer had to pay up for the mezzanine portion.

  • 22 Jul 2019

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