Two deals round out the ABS year

Hyundai Capital and Hsinchu price new deals to wrap up the years ABS issuance.

To mark the end of a solid year for Asian ABS issuance, a pair of Euro-denominated deals came to market just before the years window closed for the holidays. Hyundai Capital and Hsinchu International Bank priced Eu330 and Eu255 million dollar deals respectively on Tuesday December 20.

Hyundai Capital launched Korea’s first unwrappd cross-border auto loan asset backed securitization ever to receive triple-A ratings with its Eu330 million deal from sole lead manager ING.

That deal, launched...

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