BMW rolls into empty MTN market for €500m
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, ...