BMW Auto ABS Three Times Oversubscribed

25 Jan 2010

BMW’s €800 million ($1.13 billion) Bavarian Sky Compartment Two auto asset-backed securities deal was oversubscribed by three times in less than four hours today, reflecting high investor demand for scarce paper.

-- Daniel O’Leary

BMW’s €800 million ($1.13 billion) Bavarian Sky Compartment Two auto asset-backed securities deal was oversubscribed by three times in less than four hours today, reflecting high investor demand for scarce paper. Richard Curtis, managing director of bond syndication at WestLB, said a lack of primary paper ...

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