S.Africa's RMB arranges R1.4 bln notes for BMW

Newswire

JOHANNESBURG, Jan 26 (Reuters) - South Africa's Auto Series Investments has issued 1.4 billion rand ($229.3 million) in notes for BMW Financial Services , facilitator Rand Merchant Bank (RMB) said on Thursday. The issue of the six notes, with maturities ranging from five months to 3-1/2 years, is part of the domestic medium term note programme launched by BMW Financial Services in April last year. "The issue was over two times oversubscribed and the spreads are tighter than previous ...

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