Securitization

Latest news on RMB and Securitization

  • Toyota sets high bar for China’s ABS market in Year of the Ox

    Toyota sets high bar for China’s ABS market in Year of the Ox

    Toyota Motor Finance (China) Co has sealed the senior tranches of its auto ABS deal at negative spreads to onshore benchmarks thanks to strong backing from Japanese investors, putting the post-Chinese New Year securitization market on strong footing.

  • Toyota races to sell first China auto ABS in Year of the Ox

    Toyota races to sell first China auto ABS in Year of the Ox

    Toyota Motor Finance (China) Co plans to launch its first auto loan securitization deal of 2021 under the Toyota Glory series next week. The originator will open the onshore auto ABS market after the Lunar New Year break with a Rmb5bn ($774m) transaction — its largest to date.

  • SAIC-GMAC fast-tracks 2021 auto ABS issuance

    SAIC-GMAC fast-tracks 2021 auto ABS issuance

    SAIC-GMAC Automotive Finance Co has wasted no time in making its second appearance in China’s onshore auto loan ABS market this year, selling a Rmb10bn ($1.55bn) Rongteng 2021-2 transaction on Monday.

  • SAIC-GMAC preps rapid auto ABS return

    SAIC-GMAC preps rapid auto ABS return

    SAIC-GMAC Automotive Finance Co is already eyeing its second auto loan securitization deal of the year, just a couple of weeks after kickstarting China’s auto ABS market for 2021.

  • China ABS off to strong start, BMW scores

    China ABS off to strong start, BMW scores

    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.

  • BMW pushes revolving period in auto ABS return

    BMW pushes revolving period in auto ABS return

    BMW Automotive Finance (China) Co has priced the senior tranche of its Rmb8bn ($1.24bn) Bavarian Sky China 2021-1 auto loan ABS, a deal with the longest revolving period seen in recent years in the onshore market.

  • CCB readies first Jianyuan deal of 2021

    CCB readies first Jianyuan deal of 2021

    China Construction Bank is set to price a Rmb5.14bn ($793m) RMBS transaction early next week, kicking off issuance under its Jianyuan series for the New Year after selling Rmb148bn of deals in 2020.

  • Home Credit innovates with consumer loan ABS

    Home Credit innovates with consumer loan ABS

    Chinese originator Home Credit Consumer Finance Co sold a Rmb1bn ($155m) consumer loan ABS this week, opting for a different type of underlying assets compared to its past deals.

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