BMW readies its biggest auto loan ABS

Rebecca Feng

July 10, 2019 10:15 AM

BMWlogo_pa_230x152 — 17 June 2019, Baden-Wuerttemberg, Stuttgart: A BMW i3 from DriveNow (l) and a Smart Fortwo from Car2Go are on display in a current exhibition at the Mercedes-Benz Museum. Car2Go and DriveNow will be merged under the new car sharing fleet name Share Now. Photo: Fabian Sommer/dpa | Fabian Sommer/DPA/PA Images

After raising Rmb5.5bn ($799m) from its largest auto loan ABS deal in March, BMW’s Chinese auto finance arm is returning for more. The planned Rmb8bn deal will hit the market on July 16.

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Topics

CITIC Securities China Citi Asia Greater China China Bonds Bank of China Morgan Stanley Northeast Asia China Asia Pacific Securitization ABS Emerging Markets China Securitization

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Rebecca Feng