BMW first off the grid with £250m Sonia debut
![BMW_Fotolia_230x150.](https://assets.euromoneydigital.com/dims4/default/95695eb/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fca%2F3f%2Fa95c034e494465da07f7ecf0c46f%2Fbmw-fotolia-230x150.jpg)
BMW this week became the first corporate issue to issue a floating rate note using Sonia as its benchmark.
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