BMW plans to increase 2014 euro bond -leads

Newswire

LONDON, March 27 (Reuters) - A finance unit of German automaker Bayerische Motoren Werke AG (BMW) plans to increase its existing 1.0 billion euro 4.25 percent bond due 2014 , the banks managing the sale said on Tuesday. Citigroup, Commerzbank, Merrill Lynch and UBS are joint bookrunners for the add-on via BMW Finance NV. They said the deal would be launched in the near future. BMW is rated A1 by Moody's Investors Service and A+ by Standard & Poor's.

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