Asia's offshore ABS market looks to heat up

After a six month hiatus, it looks as though the region's ABS market is warming up with two deals preparing to come to market.

After an extended absence it look as though AsiaƆs offshore securitisation market is finally going to step back into the game with two deals already mandated, and a couple of request from proposals RFP making the rounds to the various ABS houses.

Hyundai Capital has mandated ING and the Royal Bank of Scotland for a triple-A $500 million five-year auto loan ABS. Currently that deal is being market at 14bp over US-dollar Libor and Hyundai Capital is on...

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