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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: hyundai | capital | closes | auto | loans | abs

Print Edition

FinanceAsia Print Edition

EVENTS