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
That deal, launched via Hyundai Capital Auto Funding IV Limited, has a final maturity of around 5.3-years and an average life of 3-years. Pricing was finalized at 15bp over Euribor.
The structure has a 24-month revolving period during...