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BMW Raises €1B In Bond Sale

BMW has raised €1 billion through a sale of investment-grade European corporate debt.

BMW has raised €1 billion through a sale of investment-grade European corporate debt, Financial Times reports. The notes carry a coupon rate of 3.625%.

The German carmaker appointed Crédit Agricole, Deutsche Bank, Morgan Stanley and JPMorgan to manage the transaction. The securities are scheduled to mature in six-and-a-half-years.

Click here for the story from Financial Times.

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