Winner: BMW

pg24-mayer-jpg

BMW's seven-year EUR1 billion fixed-rate issue provided some much-needed sustenance to an investor base hungry for corporate credit as the New Year got under way. Investment-grade corporate deals had been extremely thin on the ground in January, and BMW was the first non-financial issuer to hit the markets. As such, the German car maker set a strong precedent, with the deal coming in at tight pricing levels with an order book that was well diversified.

The bookrunners opened the order book on

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: