New Issue-BMW US Capital sells $400 mln floaters

Newswire

WHITE PLAINS, N.Y., March 21 (Reuters) - BMW US Capital, LLC sold $400 million of extendable floating rate notes in the 144a private placement market, said market sources on Monday. The size of the deal was increased from an originally planned $300 million. J.P. Morgan was the sole lead manager for the sale, the sources said. BORROWER: BMW US CAPITAL, LLC** AMT $400 MLN COUPON VAR* MATURITY SEE NOTE TYPE FLTG RT NOTES ISS PRICE 100 FIRST PAY DATE 4/15/2005 LAST MOODY'S A1 YIELD N/A PAY ...

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