Hogan Lovells Fidelity advises Mercedes Benz Auto Finance Ltd. on major securitisation deal
18 November 2016
Hogan Lovells and Fujian Fidelity have advised Mercedes Benz Auto Finance Ltd. on their second securitisation of auto consumer credits. Together with Chinese law firm Fujian Fidelity Law Firm ("Fidelity"), Hogan Lovells managed the entire documentation for the transaction, and also the registration and approval process with the People's Bank of China and the negotiations with the rating agencies. The deal (Silver Arrow China 2) value is approximately RMB 4.217 billion (€573m).
Dietmar Helm, lead partner on the transaction, commented:
"The Chinese automobile market is of major economic importance for German car manufacturers so creating alternate refinancing opportunities is critical to this sector. We were delighted to advise Mercedes Benz Auto Finance again on their second securitisation transaction, with such a significant value."
Hogan Lovells for Mercedes Benz Auto Finance
Dr. Dietmar Helms (Partner)
Dr. Fugui Tan (Associate, Capital Markets, Frankfurt)
Shengzhe Wang (Counsel, Capital Markets, Shanghai)
Roberta Chang (Counsel, Corporate, Shanghai)
Fidelity
Guiliang Lu (Partner)
Zhiming Xu (Partner)
Zhihui Li (Associate)