LONDON, Nov 16 (Reuters) - BMW US Capital LLC, guaranteed by German carmaker BMW AG , plans to issue a 3-year sterling-denominated bond, the banks managing the sale said on Wednesday.
The bond is set to be priced later on Wednesday to yield Gilts plus 38 to 40 basis points, a banker familiar with the sale said.
BNP Paribas and JP Morgan are managing the sale for BMW, which is rated A1 by Moody's Investors Service and A+ by Standard & Poor's.