VW China’s ABS prices after rising yields cause delay

Noah Sin

November 24, 2017 10:00 AM

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.

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Topics

China Merchants Securities Co China ICBC Asia Greater China China Bonds Northeast Asia News content China Asia Pacific Sumitomo Mitsui Financial Group Standard Chartered Morgan Stanley Securitization ABS Emerging Markets China Securitization

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Noah Sin