BMW mobbed by sterling crowds on £750m outing
BMW’s eagerness to put its 2012 funding house in tidy order early in the year was evident again today, when the German carmaker raised £750m of short seven year debt, following up its €2.5bn three and seven year issue on January 4.
The A2/A- rated company has market access under almost all conditions and can fund in a variety of currencies and structures, but has taken no chances by launching two large benchmarks into Januarys risk asset rally.It has been rewarded with strong demand. Todays sterling deal drew a book ...
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