BMW mobbed by sterling crowds on £750m outing
BMW’s eagerness to put its 2012 funding house in tidy order early in the year was evident again today, when the German carmaker raised £750m of short seven year debt, following up its €2.5bn three and seven year issue on January 4.
The A2/A- rated company has market access under almost all conditions and can fund in a variety of currencies and structures, but has taken no chances by launching two large benchmarks into Januarys risk asset rally.
It has been rewarded with strong demand. Todays sterling deal drew a book
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