Bonds

  • SAIC-GMAC opts for two-tranche structure in new ABS

    SAIC-GMAC opts for two-tranche structure in new ABS

    SAIC-GMAC Automotive Finance Co priced a Rmb10bn ($1.56bn) auto loan ABS transaction this week, its third outing in China in 2021, switching to a simple structure comprising a senior and a subordinated tranche.

  • VW cuts revolving period in year’s first China ABS

    VW cuts revolving period in year’s first China ABS

    Volkswagen Finance (China) Co came to the onshore auto ABS market for the first time in 2021 with a Rmb5.97bn ($929m) transaction this week, slashing the revolving period to three months to achieve a competitive pricing.

  • China property bond flurry continues

    China property bond flurry continues

    The rapid pace of new dollar bond issuance from Chinese property companies continued from Monday into Tuesday as four more borrowers joined the fray.

  • Chinese financial issuers court dollar buyers

    Chinese financial issuers court dollar buyers

    One of China’s big four banks, Agricultural Bank of China, and securities house Haitong International Securities Group joined the flurry of Chinese bond deals in the offshore market this week.

  • Fosun returns for $500m

    Fosun returns for $500m

    Chinese conglomerate Fosun International has sold its second dollar bond of 2021, raising $500m once again.

  • Chinese issuers raise $1.14bn from SLB debuts

    Chinese issuers raise $1.14bn from SLB debuts

    Seven Chinese issuers bagged Rmb7.3bn ($1.14bn) from their inaugural sustainability-linked bonds (SLBs) in the onshore market, as part of Beijing’s efforts to meet its ambitious carbon goals.

  • Auto trio kick off busy week for China ABS

    Auto trio kick off busy week for China ABS

    China’s auto loan ABS market reopened strongly in May after a quiet few weeks, with SAIC-GMAC Automotive Finance Co, Volkswagen Finance (China) Co and domestic originator FAW Auto Finance Co all looking to price deals this week.

  • Chinese borrowers return to bond market

    Chinese borrowers return to bond market

    Three regular dollar bond issuers from China were the first out of the gates to tap investors on Thursday following a long holiday in the Mainland.

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