GMAC-SAIC Automotive Finance Co., General Motor's China auto financing unit, is rolling out an RMB 3 billion ($470 million) securitization of short-dated Chinese auto loans, according to Moody’s Investors Service.

The transaction, called Rongteng Individual Auto Mortgage Backed Securitization 2015-2, pool loans with a weighted average term of 2.3 years; the loans are seasoned, on average, by seven months.

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