Securitization

Latest news on RMB and Securitization

  • Geely preps third auto ABS, scraps mezz tranche

    Geely preps third auto ABS, scraps mezz tranche

    Genius Auto Finance will come back to the Chinese auto loan ABS market for a Rmb4bn ($564m) trade next week. That is the same size as its last deal, but the originator will scrap the mezzanine tranche this time around.

  • China ABS volume set to top 2018 record as growth continues

    China ABS volume set to top 2018 record as growth continues

    China’s asset backed securities (ABS) market has had a stellar year so far, with volumes jumping thanks to a big push from the regulators. But it’s not just a numbers story. The depth of the market has also improved, with better secondary liquidity and more offshore participation.

  • BMW drives home second auto lease ABN

    BMW drives home second auto lease ABN

    Herald International Financial Leasing, a subsidiary of BMW, bagged its second Rmb2.5bn ($353m) auto lease asset-backed note on Tuesday, pricing the dual-tranche deal at the tighter end of the price guidance range.

  • BMW returns for second auto lease ABN

    BMW returns for second auto lease ABN

    BMW Auto Finance (China) is planning a comeback to asset-backed notes on September 17, and will replicate the structure of its April debut in the market.

  • CCB RMBS sails through amid soaring trade tension

    CCB RMBS sails through amid soaring trade tension

    China Construction Bank had no trouble selling a Rmb9.87bn ($1.4bn) residential mortgage backed securities deal on Tuesday amid rising trade concerns, thanks to support from its underwriter group.

  • CCB eyes return to RMBS with multi-tranche deal

    CCB eyes return to RMBS with multi-tranche deal

    China Construction Bank (CCB), the largest originator of residential mortgage backed securities in China, is returning to the market with a Rmb9.87bn ($1.43bn) four tranche deal on August 6. All three senior tranches are rated triple-A by S&P Global Ratings.

  • SAIC-GMAC readies third Rmb10bn auto loan ABS

    SAIC-GMAC readies third Rmb10bn auto loan ABS

    Shanghai-based SAIC-GMAC, an auto finance company owned by SAIC Motor Corp and General Motors Company, is planning to return to the auto loan ABS market next month with a Rmb10bn ($1.45bn) three-tranche deal.

  • Geely returns with popular auto loan ABS

    Geely returns with popular auto loan ABS

    Geely Automobile Holdings has made a rapid return to China’s auto loan ABS market with a Rmb4bn ($581.5m) deal that was a hit with the onshore arms of international banks. While the class A1 tranche was priced tightly, the issuer had to pay up for the mezzanine portion.

  • BMW on funding spree with new auto loan ABS

    BMW on funding spree with new auto loan ABS

    BMW returned to China’s auto loan ABS market on Tuesday with a Rmb8bn ($1.2bn) two-tranche deal, its largest issuance so far, and received a big thumbs-up from investors.

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