asias-offshore-abs-market-looks-to-heat-up

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 AsiaÆs 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 a non-deal roadshow that took in Singapore on Monday, Hong Kong on Tuesday, and will hit Frankfurt on Wednesday, before touching down in the US.

The deal is expected to be privately placed and...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222