Nissan grabs record for lowest auto ABS yields

Newswire

By Shankar Ramakrishnan NEW YORK, July 31 (IFR) - Investor thirst for yield is creating strong momentum in the auto asset-backed securitisation (ABS) market, allowing top automakers to register records for the lowest ever yields. Just two weeks after Honda set the record for the lowest yields since June 2007, Japanese auto-maker Nissan Motor Co on Tuesday beat that milestone with its latest US$1.4bn auto-receivables securitisation deal and set a record ...

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