July 05, 2024 – Mercedes-Benz Auto Finance Ltd. (MBAFC), part of the Mercedes-Benz Mobility group division, successfully issued its first Green Auto Loan Asset-Backed-Security (ABS) in July 2024 in the Chinese Interbank Bond Market.
The Class A Notes have a size of RMB765 million (€100 million), with an oversubscription of three times, a weighted average life of 1.42 years and a coupon rate of 1.87%. The issuance was arranged by China Merchants Securities, BNP Paribas (China) Limited, Bank of China and Standard Chartered Bank (China) Limited. It is Mercedes-Benz’s first Green ABS worldwide and Mercedes-Benz is the first foreign automotive company which issued a Green Asset-Backed-Security in China.