China ABS off to strong start, BMW scores
![BMW_575px_adobe_14Jan21](https://assets.euromoneydigital.com/dims4/default/988289d/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F00%2Fb4%2Fe7d30763e37efc8b7285984a418b%2Fbmw-575px-adobe-14jan21.jpg)
BMW Automotive Finance (China) Co has sold its first auto loan ABS of 2021, locking in longer-dated financing with a 14 month revolver. The deal added to a strong start for the onshore securitization market in the New Year as bond yields fell from their highs at the end of 2020, writes Addison Gong.
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