LONDON, Jan 15 (Reuters) - BMW US Capital LLC, guaranteed by German luxury car maker BMW AG plans to increase its 4.625 percent 250 million sterling bond due December 2006, lead managers for the deal said on Thursday.
ABN Amro and JP Morgan have been mandated to lead manage the increase, which is expected to launch shortly. The issue was originally launched in October 2003.
BMW's ratings have 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 A1 long-term and P-1 short-term ratings since they were first assigned by Moody's Investors Service in 1989.