LONDON, March 18 (Reuters) - BMW Finance NV, The Hague, Netherlands, a unit of German luxury carmaker BMW Group , plans to launch a 200 mln Swiss franc five-year bond in the near future, lead managers for the deal said on Tuesday.
Bank Von Ernst & Cia AG and UBS Warburg have been mandated to lead manage the transaction, which will be unconditionally and irrevocably guaranteed by Bayerische Motorenwerke Aktiengesellschaft, Munich.
BMW's credit rating has weathered the storms in the auto sector better than those of industry peers, which have been hit by downgrades as they struggle to attract business.
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.