BMW returns to US for $2bn at end of monster March for corporate issuance

BMW_AdobeStock_575x375_11May2020
By David Rothnie
31 Mar 2021

Borrowers packed deals into the US corporate bond market this week before the Easter holiday weekend. Among them, BMW enjoyed a strong order book for its first dollar issue for a year.

Volatile markets meant borrowers had to pick their spots, but the backdrop remains supportive for high grade credit. “There is still a tremendous amount of cash in the market and with the Fed continuing to support the market, credit will continue to outperform,” said the head of syndicate ...

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