BMW Group’s Panda Bond Offering

Fangda represented BMW Group on the offering.

BMW Group executed a RMB3.5 billion panda bond offering.

BMW Finance N.V., a BMW Netherlands finance company subsidiary, was the issuer, with the bonds guaranteed by its parent. The bonds comprise RMB2 billion 3-year medium-term notes (MTNs) and RMB1.5 billion 1-year commercial paper (CP). The MTNs were priced at an annual coupon rate of 3.44% and the CPs at 3.03%. 

The Fangda team was led by the partner Christine Chen with key members including Helen Zhao, Sophie Li and Hailey Ma. Helen Wang and Leanne Liu provided support in deal execution.

Involved fees earner: Christine Chen – Fangda Partners; Sophie Li – Fangda Partners; Leanne Liu – Fangda Partners; Hailey Ma – Fangda Partners; Helen Wang – Fangda Partners; Helen Zhao – Fangda Partners;

Law Firms: Fangda Partners;

Clients: BMW A.G.;

Author: Sonia Carcano