BMW further revs up ABS supply

By Graham Bippart
30 Apr 2015

BMW is planning to follow Volkswagen’s recent German auto lease deal, of which the class 'A' tranche priced at a post-crisis record tight spread, with its own ABS: Bavarian Sky Finance.

Crédit Agricole is sole arranger on the deal and joint bookrunners are BNP Paribas and Crédit Agricole. They will roadshow and hold investor meetings from May 5-8, with launch and pricing to follow around May 12 or 13.

The deal comprises a €356.8m triple-A rated ...

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