Securitization

Latest news on RMB and Securitization

  • China reforms NPL ABS as bad loans rise

    China reforms NPL ABS as bad loans rise

    The People’s Bank of China has started to allow banks seeking quotas to sell non-performing loan securitizations to shift from the old approval-based system to a registration-based system, onshore bankers told GlobalCapital China this week. The reform is set to speed up the pre-issuance phase and ease banks’ increasing pressure to dispose of bad loans.

  • Mercedes-Benz pierces through comparables in ABS return

    Mercedes-Benz pierces through comparables in ABS return

    Mercedes-Benz Auto Finance scored a tightly priced Rmb6.26bn ($914m) dual tranche auto securitization trade on Tuesday. The senior tranche was priced inside comparable levels, a first for the issuer and a rarity in China's auto ABS market.

  • Mercedes-Benz readies second auto ABS this year

    Mercedes-Benz readies second auto ABS this year

    Mercedes-Benz Auto Finance is planning to sell a Rmb6.26bn ($917m) dual tranche auto securitization transaction next week after a six-month break from the onshore market. The issuer has doubled the length of the revolving period compared to its previous outing.

  • 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.

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