Latest Breaking News On - Automotive finance co - Page 1 : comparemela.com
Updated: SAIC-GMAC sets guidance for fourth ABS of the year
globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
SAIC-GMAC sets guidance for fourth ABS of the year
globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
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.
By Addison Gong
02 Feb 2021
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.
The Rmb8.57bn class A tranche was priced at 3.15% on Monday, and the Rmb800m class B at 3.8%. The notes have a weighted average life of 0.64 years and 1.87 years, respectively. They are backed by a Rmb630m equity piece, which SAIC-GMAC retained. The notes landed close
. Already a subscriber? Login
vimarsana © 2020. All Rights Reserved.