Latest ABS news

  • BMW China pulls off third ABS of the year

    BMW Automotive Finance (China) Co made it three and done in the ABS market this week, selling a Rmb4bn ($605.4m) transaction which had a very similar structure to its last offer in the market.

    • 01 Dec 2017
  • VW China’s ABS prices after rising yields cause delay

    Volkswagen Finance (China) wrapped up its third asset-backed securities (ABS) deal on Friday, raising Rmb3.5bn ($531.8m). The company was forced to extend bookbuilding into a second day amid rising bond yield in the Chinese market.

    • 24 Nov 2017
  • Updated: VW China joins ABS party with comeback deal

    Volkswagen Finance (China) is gearing up for its third appearance this year in the Chinese asset-backed securities market, plotting a Rmb3.5bn ($528.1m) deal. The transaction comes amid a flurry of foreign name originations in China in recent weeks.

    • 20 Nov 2017
  • Toyota China seals year’s second ABS deal

    Toyota Motor Finance (China) has sealed a Rmb3bn ($452.7m) transaction in the Chinese asset-backed securities market — its second deal in the country this year. While the trade was wrapped up successfully, the issuer’s efforts to woo Bond Connect investors appeared to have been in vain, said sources.

    • 20 Nov 2017
  • Toyota China sticks to old format in latest ABS

    Toyota Motor Finance (China) is hitting the Chinese asset-backed securities (ABS) market for a second time this year. The Japanese automaker maker will approach investors with a Rmb3bn ($452.1m) deal on November 16.

    • 13 Nov 2017
  • Investors’ call at COP 23: give us projects to invest in

    Financial institutions will be making a flurry of announcements at the COP 23 climate change conference in Bonn over the next fortnight, detailing new initiatives and pledges. But more important may be any signs that countries are getting better at turning their climate ambitions into projects investors can put money into.

    • 07 Nov 2017
  • Trump picks 'Yellen 2.0' to keep bull market running

    Capital markets breathed a sigh of relief on Thursday, as it became clear US president Donald Trump was going to pick Jerome Powell as the next Fed chair — a choice seen as most likely to keep the US equity bull run going, writes Sam Kerr.

    • 02 Nov 2017
  • Euro ABS investors should look closely at bustling China ABS market — BAML

    The securitization market in China is “on a tear”, according to Bank of America Merrill Lynch analysts, and with supply set to greatly outpace that of European ABS, investors should be looking at the Chinese market more closely.

    • 30 Oct 2017
  • Nissan’s China JV jumps on Bond Connect bandwagon

    Dongfeng-Nissan Auto Finance has tapped the Chinese asset-backed securities (ABS) market for a third time this year with a Rmb3.5bn ($531.9m) two-tranche deal. The company made its first attempt to attract foreign investors trading through Bond Connect in the October 12 deal – with mixed results.

    • 13 Oct 2017
  • Indonesia, China take securitization route to infrastructure finance

    Big questions remain around how China’s ambitious Belt and Road Initiative will be financed. But experts tell GlobalMarkets the answer, or at least part of it, may be in asset-backed securitization — with Indonesia making some headway recently and China gearing up for some action.

    • 13 Oct 2017

ABS news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 16,398.71 87 6.20%
2 UBS 14,468.05 89 5.47%
3 Morgan Stanley 12,696.27 63 4.80%
4 Goldman Sachs 11,964.67 61 4.53%
5 China International Capital Corp Ltd 11,605.84 57 4.39%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,355.30 248 7.98%
2 Citi 34,549.67 198 7.80%
3 JPMorgan 26,213.80 145 5.92%
4 Bank of America Merrill Lynch 21,812.93 113 4.92%
5 Standard Chartered Bank 18,550.38 140 4.19%

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