GC
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China's Great Wall Motors sells auto ABS with international ratings
Tianjin Great Wall Binyin Automotive Finance, the funding arm of domestic carmaker Great Wall Motors, sealed its first internationally rated auto securitization deal on Thursday. The Rmb3.37bn ($481m) deal attracted decent demand from foreign investors.
10 Jul 2020 -
BMW sails through market volatility, seals second ABS
BMW Automotive Finance bagged Rmb8bn ($1.14bn) from a three tranche auto loan ABS transaction on Tuesday. The deal was priced tightly despite difficult market conditions in China.
08 Jul 2020 -
Great Wall Motors readies first internationally rated ABS
Tianjin Great Wall Binyin Automotive Finance is gearing up for a new Rmb3.37bn ($477m) auto loan ABS in China. For the first time, the issuer has obtained an international rating for its deal.
03 Jul 2020 -
BMW slashes revolving period for new China ABS outing
BMW Automotive Finance, a frequent issuer in China’s onshore auto ABS market, is gearing up for its second securitization deal of the year. This time around, the German automaker has shortened the usual one year revolving portion to just a month.
30 Jun 2020 -
Dongfeng Nissan braves rising yields with auto ABS
Chinese automaker Dongfeng Nissan sold a Rmb4bn ($564m) four tranche auto ABS transaction on Tuesday. The deal got strong demand, following a recent spike in onshore yields.
17 Jun 2020 -
China’s securitization market gets boost as Nafmii approves ABCP
China has opened an asset-backed commercial paper market, announcing new regulations and preparing five trial deals — three of which will be priced by the end of the week. Rebecca Feng reports.
04 Jun 2020 -
China opens ABCP market
China has opened an asset-backed commercial paper market, announcing new regulations and three trial deals that will be priced by the end of the week.
03 Jun 2020 -
China’s ABS market ready for change
China’s auto ABS market has seen a slew of tightly priced deals this month, thanks to ample liquidity onshore and the growing strength of domestic investors. While very short-term trades have been popular, appetite is rising for longer revolving structures, said bankers.
28 May 2020 -
Toyota gets tight pricing on auto ABS return
Toyota Motor Finance (China) sealed a Rmb4.5bn ($629m) dual-tranche auto securitization deal on Wednesday. Its return to the onshore market was the latest in a series of tightly priced auto ABS outings.
27 May 2020 -
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
