BMW Finance’s €1.75 Billion Dual Tranche Bond Offering

White & Case LLP has advised a bank consortium consisting of BNP Paribas, Credit Suisse Securities (Europe) Limited, ING Bank N.V., MUFG Securities EMEA plc and Skandinaviska Enskilda Banken AB (publ) on a €1.75 billion dual tranche bond issue by BMW Finance N.V.

With a principal amount of €1 billion, the first tranche has a term of 3.25 years (2021) and a fixed coupon of 0.125%. With a principal amount of €750 million, the second tranche has a term of seven years (2025) and a fixed coupon of 1.000%. Both tranches are guaranteed by Bayerische Motoren Werke Aktiengesellschaft. The bonds will be admitted to trading on the regulated market of the Luxembourg stock exchange.

The White & Case team in Frankfurt which advised on the transaction included partner Jochen Artzinger-Bolten (Picture) and associate Philipp Kronenbitter.

 

Involved fees earner: Jochen Artzinger-Bolten – White & Case; Philipp Kronenbitter – White & Case;

Law Firms: White & Case;

Clients: BNP Paribas; ING Bank; Credit Suisse Securities Limited; Skandinaviska Enskilda Banken AB; MUFG Securities Americas Inc. ;