BMW euro bond seen mid-swaps +low 30s bps

Newswire

LONDON, March 23 (Reuters) - BMW Finance NV, a unit of German luxury car maker BMW is planning to issue a seven-year euro bond for a minimum of 500 million euros later on Tuesday, a banker said. The bond is expected to be priced to give a spread of low 30s basis points over mid-swaps, the banker said. "We are book-building at the moment and depending on how that goes we could launch as soon as this afternoon," he said. Barclays Capital, BNP Paribas, Commerzbank Securities and UBS were ...

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