BMW steers through busy week in congested sterling
Car maker BMW kept the week’s vibrant sterling market going on Wednesday by bringing a £250m 4.5 year trade, following a day behind a £300m transaction for construction company LafargeHolcim.
Germany’s BMW, rated A1/A+, hit screens with initial price thoughts of 80bp area over the 3.75% September 2021 Gilts via leads HSBC and NatWest Markets.
“There has been some good momentum in sterling,” said a banker at one of the leads.BMW set ...
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