Securitization

Latest news on RMB and Securitization

  • Volkswagen prices come-back deal tightly

    Volkswagen prices come-back deal tightly

    Volkswagen Finance (China) has returned to the Chinese auto loan ABS market after a two-year break. The company priced the senior tranche of its Rmb5.97bn ($851) deal at the lower end of guidance.

  • BMW finishes year strong with Rmb8bn dual-tranche ABS

    BMW finishes year strong with Rmb8bn dual-tranche ABS

    BMW Auto Finance (China) has wrapped up its last foray of the year into the Chinese auto loan ABS market with a tightly priced deal. A diverse group of investors took up the senior tranche of the Rmb8bn ($1.14bn) trade, said bankers.

  • Volkswagen returns to China auto ABS after long break

    Volkswagen returns to China auto ABS after long break

    Volkswagen Finance (China) will come back to the Chinese auto loan ABS market after a two-year break on November 13. The Beijing-based originator is offering a Rmb5.97bn ($851m) dual-tranche note equipped with two international ratings.

  • Dongfeng Nissan drives home the largest ABS to date

    Dongfeng Nissan drives home the largest ABS to date

    Dongfeng Nissan Auto Finance bagged Rmb6.5bn ($920m) from its third auto loan ABS trade of the year on Wednesday. Despite being the largest ABS trade the originator has done, the four tranche deal was well covered.

  • Dongfeng Nissan joins auto ABS party with chunky outing

    Dongfeng Nissan joins auto ABS party with chunky outing

    Dongfeng Nissan Auto Finance, a joint venture between Japanese carmaker Nissan Motor and Chinese automaker Dongfeng Motor, will return to the Chinese auto loan ABS market on November 5 for its third deal of the year. The Rmb6.5bn ($920m) four-tranche note will be the issuer’s largest outing to date.

  • Geely drives home third auto loan ABS of the year

    Geely drives home third auto loan ABS of the year

    Genius Auto Finance has taken home Rmb4bn ($565m) from its third auto loan ABS of the year, scrapping the mezzanine tranche and boosting the size of the subordinated portion. The issuer achieved slightly tighter yields on both senior tranches compared to its previous trade.

  • 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.

more securitization