BMW revs up a €2bn dual tranche as corps surge

By Ross Lancaster
04 Jan 2017

BMW formed part of the auto sector’s traditional charge from pole position into the first corners of the corporate bond market on Wednesday, beginning the new year with a dual tranche trade that paid single digit concessions.

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Auto sector issuers traditionally contribute a lot of corporate bond supply in January each year, and 2017 is no exception. On Wednesday, BMW joined Peugeot's financing subsidiary, PSA Banque, in the market, as it ...

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