BMW Finance is securitizing the largest portfolio yet of Chinese auto loan receivables, according to Moody's Investors Service.

Sized at RMB3.5 billion ($549 million), Bavarian Sky China 2015-2 is the biggest Chinese auto loan deal by any sponsor since foreign-owned finance companies began securitizing loans last year. The first deal, sponsored by a subsidiary of Ford Motor Co. was issued on May 27, 2014 and was sized at RMB800 million ($125 million).

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