BMW issues £300m five year as short sterling issuance surges

By Richard Metcalf
13 Nov 2014

BMW became the latest in a string of international and non-UK companies to issue short dated sterling bonds recently, when it priced a £300m five year on Thursday.

The last two weeks have seen five and six year issues from oil companies Shell and Total, Ford’s European finance arm FCE Bank, and US pharmacy chain Walgreen.

Bankers attribute the wave of issuance to strong demand from UK and continental European investors, and competitive pricing for issuers with ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial