Hyundai Capital closes auto loans ABS

Korean company comes to market with $160.1 million issue via JPMorgan.

The Korean consumer finance company, has completed its first ever cross-border securitization and international financing with a $160.1 million deal backed by auto loans. JPMorgan acted as sole lead manager on the transaction, which is also the first international ex-Japan Asia securitization of 2002.

Launched through the Hyundai Capital Auto Funding special purpose vehicle SPV, the deal securitizes a portfolio of over 40,000 loans for new passenger cars and trucks originated by Hyundai. The outstanding principal balance on...

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