CHINA'S GMAC-SAIC AUTO FINANCE TO FLOAT US$272.4 MLN ABS. (31-DEC-07) AsiaPulse News

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CHINA'S GMAC-SAIC AUTO FINANCE TO FLOAT US$272.4 MLN ABS.

Publication: AsiaPulse News

Publication Date: 31-DEC-07

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BEIJING, Dec 31 Asia Pulse - GMAC-SAIC Automotive Finance Co., Ltd., a leading automotive financing company, Friday entrusted Fortune Trust & Investment Co. to float 1.99 billion yuan (US$272.40 million) worth of securities backed by individual auto loans on January 15-17, 2008.

ABS, underwritten by Citi Securities Co. Ltd.,...

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