Securitization

Latest news on RMB and Securitization

  • Beijing Hyundai sets guidance for Rmb4bn revolver

    Beijing Hyundai sets guidance for Rmb4bn revolver

    Beijing Hyundai Auto Finance Co has kicked off its onshore auto loan ABS issuance for the second half of the year, returning with yet another revolving deal under the Autopia China series.

  • China’s first public Reits rise on debut

    China’s first public Reits rise on debut

    The first batch of nine public infrastructure real estate investment trust (Reits) in China made their trading debuts on Monday to a strong showing from investors.

  • BMW returns to China ABS with short revolver

    BMW returns to China ABS with short revolver

    BMW Automotive Finance (China) sold a Rmb8bn ($1.25bn) auto loan ABS on Tuesday, its second outing this year. It slashed the revolving period to one month versus 14 in the last deal.

  • Genius eyes ABS return after tightly priced March deal

    Genius eyes ABS return after tightly priced March deal

    Geely Automobile Holdings’ 80%-owned Genius Auto Finance is returning to China’s onshore market with a Rmb4.5bn ($705m) ABS next week, three months after getting away with an aggressive pricing for its first transaction of 2021.

  • Shanghai bourse pulls plug on record onshore ABS deals

    Shanghai bourse pulls plug on record onshore ABS deals

    The Shanghai Stock Exchange scrapped a record 26 corporate ABS deal applications this week. They included Rmb18bn ($2.82bn) of deals from Ant Group’s two consumer lending units — seven months after the company’s landmark IPO was suspended. Addison Gong reports.

  • China’s SAIC goes green with auto deal

    China’s SAIC goes green with auto deal

    SAIC Motor Corp’s auto financing arm is bringing a rare green auto loan deal to China’s ABS market. It is set to price the Rmb910m ($142m) transaction next week.

  • BYD parks internationally rated ABS amid deal flurry

    BYD parks internationally rated ABS amid deal flurry

    The ABS frenzy in China’s domestic market continued unabated this week, with three more originators launching their transactions. This included BYD Auto Finance Co, which made its internationally rated debut.

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