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ISIN Update: German Car Company Make a Dual Tranche Deal

January 12, 2015International Securities Identification Numberjay

ISIN.net news update courtesy of Reuters. BMW (ISIN Code: DE0005190003), an international car company based out of Germany, release information regarding their dual tranche deal.

Following are terms and conditions of a dual tranche deal priced on Friday.

Borrower BMW Finance N.V

Guarantor BMW AG

* * * *

Tranche 1

Issue Amount 750 million euro

Maturity Date January 21, 2020

Coupon 0.5 pct

Reoffer price 99.98

Yield 0.504 pct

Spread 15 basis points

Underlying govt bond Over Mid-swaps

ISIN XS1168971213

* * * *

Tranche 2

Issue Amount 750 million euro

Maturity Date January 21, 2025

Coupon 1.0 pct

Reoffer price 99.208

Yield 1.084 pct

Spread 30 basis points

Underlying govt bond Over Mid-swaps

ISIN XS1168962063

* * * *

Common terms

Payment Date January 15, 2015

Lead Manager(s) BAML, BBVA, Morgan Stanley, RBS & UNICREDIT

Ratings A2 (Moody’s)

Listing Lux

Denoms (K) 1

Governing Law German

Notes Launched under issuer’s EMTN programme security details and RIC, when available, will be on customers can right-click on the code for performance analysis of this new issue for ratings information, double click on for all bonds data, double click on for top international bonds news for news about this issuer, double click on the issuer RIC, where assigned, and hit the newskey.

 

Tags: BMW, Dual tranche deal, German Car Company, International Securities Identification Number, ISIN Code, ISIN.net

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