LONDON, July 22 (Reuters) - German luxury carmaker BMW Group plans to price a 15-year euro bond, totalling between 500 and one billion euros, to yield around 54 basis points over the swaps curve on Tuesday, sources close to the deal said.
Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC and Hypovereinsbank are lead managers on the transaction, which is to be issued by BMW Finance NV and guaranteed by Bayerische Motoren Werke AG, Munich.
BMW's ratings have weathered storms in the auto sector better than those of industry peers. It has maintained its A-1 long-term and P-1 short-term ratings since they were first assigned by Moody's Investors Service in 1989.