Latest RMB securitization news in Asia

  • Crédit Agricole’s China JV nails Rmb4bn ABS return

    GAC-Sofinco Auto Finance completed a Rmb4bn ($603.6m) asset-backed securities transaction on Monday, its first in China since 2014. The originator focussed on tight pricing, snubbing investors vying for a bargain, but still gaining the support of accounts familiar with its business.

    • 21 Nov 2017
  • Updated: VW China joins ABS party with comeback deal

    Volkswagen Finance (China) is gearing up for its third appearance this year in the Chinese asset-backed securities market, plotting a Rmb3.5bn ($528.1m) deal. The transaction comes amid a flurry of foreign name originations in China in recent weeks.

    • 20 Nov 2017
  • Toyota China seals year’s second ABS deal

    Toyota Motor Finance (China) has sealed a Rmb3bn ($452.7m) transaction in the Chinese asset-backed securities market — its second deal in the country this year. While the trade was wrapped up successfully, the issuer’s efforts to woo Bond Connect investors appeared to have been in vain, said sources.

    • 20 Nov 2017
  • Crédit Ag China JV breaks three-year ABS silence

    GAC-Sofinco Auto Finance is returning to the Chinese asset backed securities market seeking Rmb4bn ($602.9m) — its first outing since 2014.

    • 14 Nov 2017
  • Toyota China sticks to old format in latest ABS

    Toyota Motor Finance (China) is hitting the Chinese asset-backed securities (ABS) market for a second time this year. The Japanese automaker maker will approach investors with a Rmb3bn ($452.1m) deal on November 16.

    • 13 Nov 2017
  • ABS in the spotlight as China deleverages

    Chinese banks and corporations are making use of the fast-growing asset-backed securitization (ABS) market to aid the country’s deleveraging efforts, analysts told GlobalRMB.

    • 07 Nov 2017
  • Nissan’s China JV jumps on Bond Connect bandwagon

    Dongfeng-Nissan Auto Finance has tapped the Chinese asset-backed securities (ABS) market for a third time this year with a Rmb3.5bn ($531.9m) two-tranche deal. The company made its first attempt to attract foreign investors trading through Bond Connect in the October 12 deal – with mixed results.

    • 13 Oct 2017
  • StanChart to expand China ABS offering

    Like most foreign banks in the Chinese securitization market, Standard Chartered has focused on doing business with foreign originators. But now it wants to compete more directly with local underwriters by entering the growing asset-backed notes (ABN) market, Wesley Yang, the bank’s head of financial markets for China, told GlobalRMB.

    • 11 Oct 2017
  • Nissan’s JV reverts to old format for next China ABS

    As Dongfeng-Nissan Auto Finance prepares for its third transaction in China’s asset backed securities (ABS) market this year – a Rmb3.5bn ($527.4m) two-tranche deal – the originator is ditching the single tranche structure it switched to for its August transaction.

    • 03 Oct 2017
  • BRI opens up ABS opportunities, say experts

    As the Belt and Road Initiative (BRI) opens up investment opportunities in emerging markets, it also exposes participants to high credit risks. But instead of seeking insurance coverage, some bankers are turning to securitization for an answer — a move that can lower risk and accelerate return on capital.

    • 27 Sep 2017

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UBS 14,054.18 85 5.94%
2 CITIC Securities 13,958.14 79 5.90%
3 Goldman Sachs 10,886.27 55 4.60%
4 Morgan Stanley 10,221.90 54 4.32%
5 China Securities Co Ltd 9,861.82 46 4.17%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,532.75 218 8.19%
2 Citi 30,602.78 186 7.70%
3 JPMorgan 23,972.21 138 6.03%
4 Bank of America Merrill Lynch 20,655.77 107 5.20%
5 Standard Chartered Bank 16,700.51 126 4.20%

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