GC
-
Foreign banks throw weight behind Toyota’s Rmb4.5bn auto ABS
Toyota Motor Finance (China) Co is set to price a Rmb4.5bn ($633m) auto loan ABS next week, bringing to the market only its second deal in two and a half years. The 11-member underwriting group has eight foreign banks.
19 May 2020 -
Geely jumps on the bandwagon for tightly priced ABS
Genius Auto Finance sealed a Rmb4bn ($563m) three tranche auto loan ABS on Thursday, piercing through a razor-thin 2% coupon level for the senior tranches.
15 May 2020 -
GAC-Sofinco scores record low pricing for ABS outing
GAC-Sofinco Auto Finance priced a Rmb4bn ($564m) four-tranche auto loan ABS offering on Tuesday. The senior class A1 and A2 tranches were both sealed at coupons below 2%, setting a new record for Chinese auto ABS issuers.
13 May 2020 -
Geely JV mulls second China ABS outing of the year
Genius Auto Finance, a joint venture between Geely Automobile and BNP Paribas Personal Finance, is planning to kick off a Rmb4bn ($565m) auto loan ABS deal on Thursday.
11 May 2020 -
GAC-Sofinco readies four-tranche auto ABS
GAC-Sofinco Auto Finance is returning to China's auto ABS market next Tuesday with a Rmb4bn ($564m) four-tranche offering. The automaker is set to take advantage of falling bond yields onshore to score tight pricing.
06 May 2020 -
Coronavirus intensifies thirst for new responsible capitalism
The Covid-19 pandemic is an ESG issue. More than ever before, a natural phenomenon is driving markets. Suddenly, social responsibility is no longer kooky but required of all. How are responsible investors reacting — and can the crisis lead to a better model of financial markets, where all stakeholders are considered?
27 Apr 2020 -
BMW revisits Chinese ABN market, seals tight deal
Herald International Financial Leasing, a subsidiary of German carmaker BMW, bagged a Rmb3bn ($425m) dual-tranche asset-backed note on Tuesday, its largest ABN outing yet. Both the senior tranches were priced 100bp tighter than the issuer’s last two outings.
15 Apr 2020 -
Guggenheim tops chart as IB revenues shrink
Investment banking revenue in March was lower than normal as the coronavirus pandemic sapped risk appetite — but it was far from a total wipeout.
02 Apr 2020 -
Mercedes-Benz uses rare revolver for auto ABS
Mercedes-Benz Auto Finance broke an almost year-long break from the China auto ABS market this week with a Rmb6.316bn ($892m) deal. The company added a three month revolving period to its transaction, a rarity for issuers.
20 Mar 2020 -
Beijing Hyundai, VW ride on strong liquidity for ABS deals
Beijing Hyundai and Volkswagen took advantage of the flush liquidity in China’s ABS market to print tight deals on Thursday, adding to the flurry of onshore auto loan ABS issuance this week.
13 Mar 2020
