As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.
The deal, Bavaria Sky China 2014-1, which priced today, is the first placement of an asset backed securities in China by a European automaker.
Volkswagen has obtained ratings from both Fitch Ratings and Moodys Investors Service on its $800 million renminbi ($128 million) securitization of Chinese auto loans.
Why market participants still see value in bond insurance, even for an asset class that is not many notches away, ranging between triple-B and single-A, depending on the rating agency and originator.
This is the first Turkish transaction backed by diversified payment rights that Assured has wrapped since 2006. The entire deal is $500 million.
Controversy over the Mexican equipment lease sector
After contracting sharply last year amid regulatory uncertainty and an economic slowdown, Brazils structured finance market now appears to be poised for a recovery.
Five new originators of Russian RMBS debuted last year; players say the issuer stable will keep growing.
Investors no longer feel limited to their own country for securitization investment opportunities; they are becoming comfortable with the risks and rewards of investing in and owning a global book.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
Investors in catastrophe bonds are broadening their exposure by taking on multiple perils and increasing the time period during which claims can be included in coverage. Often they are doing so without any additional compensation.Current Issue