BMW Finance NV plans benchmark euro 7-yr bond

Newswire

LONDON, March 23 (Reuters) - BMW Finance NV, a unit of German luxury car maker BMW AG , plans to launch a benchmark euro-denominated seven-year bond in the near future, lead managers for the deal said on Tuesday. Barclays Capital, BNP Paribas, Commerzbank Securities and UBS have been mandated to lead manage the issue, which is guaranteed by BMW AG. BMW Finance NV is rated A1 with a stable outlook by Moody's Investors Service.

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