In July 2011, BMW Finance N.V. issued a 1 billion Euro benchmark bond with a 6.5-year maturity.

Crédit Agricole CIB, Deutsche Bank, JP Morgan and Morgan Stanley acted as joint bookrunners in this highly visible and successful benchmark transaction.

 

After two turbulent and highly volatile weeks where the Euro investment grade primary market was effectively closed, BMW Group decided to reopen the market. The bond which appealed to both institutional and retail and private bank investors was substantially oversubscribed.

 

Geographically, the very strong demand from investors came out of Germany and Austria (26%), followed by the United Kingdom (25%) and France (20%).

 

The BMW Group (Standard & Poor’s Rating A2) is the world’s largest maker of luxury cars and one of the most successful manufacturers with its BMW, MINI and Rolls-Royce brands. As a global company, the BMW Group operates 24 production facilities in 13 countries and has a global sales network in more than 140 countries.