Hyundai’s China JV preps second ABS deal
Beijing Hyundai Motor Group is gearing up for a Rmb3.5bn ($535.9m) deal in China’s asset-backed securitization market, just over three months after completing a transaction of the same size.
There seems to be no stopping foreign auto ABS originators in China’s ABS market this summer. Peugeot Citroën’s joint venture, BMW and Ford’s China subsidiaries have all hit the market in August, with Ford topping the bill with a Rmb4bn deal.
On Tuesday, Hyundai’s China
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