Ford starts engine for Rmb3bn auto ABS ride

Addison Gong

April 06, 2017 12:00 PM

Ford badge 230x — The reflection of a Ford Five Hundred is shown on the tail gate and badge of a F-150 truck at Bob Maxey Ford in Detroit, Tuesday, July 19, 2005. Ford Motor Co. said its profit fell 19 percent in the second quarter from a year ago, stung by lower production and intense competition in North America, where it lost more than $900 million. (AP Photo/Paul Sancya) | PAUL SANCYA/AP/Press Association Images

Ford Automotive Finance (China) is readying its Rmb3bn ($435m) auto ABS transaction, its first this year and its sixth on the Mainland. But investors hoping for some new features will be disappointed, as the new transaction shares similar features with its last two outings in 2016.

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Topics

China Merchants Securities Co China ICBC Asia Greater China Northeast Asia Asia Pacific Securitization ABS Emerging Markets HSBC

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Addison Gong

SSA editor GlobalCapital