BMW sells tightly priced private placement Panda bond

Rebecca Feng

March 03, 2020 07:45 am

Panda_eating_China_PA_230X150_3Mar20 — 22 February 2020, Berlin: One of the two young pandas is playing behind a pane of glass in the inner enclosure of the zoo. Photo: Paul Zinken/dpa | Paul Zinken/DPA/PA Images

BMW Finance, a wholly owned special purpose vehicle of BMW, brought a Rmb3.5bn ($502m) dual tranche private placement Panda bond on Tuesday. Both tranches received plenty of demand from domestic investors, the result of flush liquidity onshore.

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Topics

CITIC Securities China EMEA Corporate Bonds Asia Greater China China Bonds Bank of China Germany Northeast Asia China Asia Pacific Europe Emerging Markets

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Rebecca Feng