Home MARKETS Currencies Peugeot Citroën readies second ABS outing

Peugeot Citroën readies second ABS outing

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Peugeot Citroën’s joint venture in China is set to return to the China ABS market after a year away. The auto maker will offer investors only one tranche, down from the two tranches in its 2016 debut, but the deal size will triple to Rmb3bn ($449.8m).

Dongfeng Peugeot Citroën Auto Finance has picked Citic Securities as join lead underwriter, along with Bank of China and HSBC’s China arm as joint leads. HSBC is the financial adviser for this deal, which will be issued by the special purpose vehicle Rongfa 2017-1.

The banks will sell

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