BMW rolls into empty MTN market for €500m

By Frank Jackman
13 Feb 2020

BMW issued the largest unsecured MTN of the year on Wednesday — outstripped in size only by a €700m privately placed covered bond from UniCredit, according to Dealogic. The trade was BMW’s largest since 2016.

Meanwhile, the European Bank for Reconstruction and Development made a rare visit to Pakistani rupees to reopen a line it launched last month.

The car maker last issued an MTN larger than €500m in October 2016, when it printed €550m through its BMW Finance subsidiary, according to Dealogic.

This time, ...

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