ABS

  • BMW slashes revolving period for new China ABS outing

    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.

  • China opens ABCP market

    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.

  • China’s ABS market ready for change

    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.

  • Toyota gets tight pricing on auto ABS return

    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.

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