BMW Said to Plan Sale of Pound-Denominated Bonds Due in 2018

Bayerische Motoren Werke AG (BMW) plans to sell pound-denominated bonds due in December 2018, according to two people with knowledge of the sale.

The bonds may be priced to yield 205 to 210 basis points more than gilts, the banker said. Deutsche Bank AG, RBC Capital Markets and Banco Santander SA (SAN) are managing the deal. The bonds are being issued by BMW Finance NV.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net

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