BMW returns to US for $2bn at end of monster March for corporate issuance

By David Rothnie
31 Mar 2021

Borrowers packed deals into the US corporate bond market this week before the Easter holiday weekend. Among them, BMW enjoyed a strong order book for its first dollar issue for a year.

Volatile markets meant borrowers had to pick their spots, but the backdrop remains supportive for high grade credit. “There is still a tremendous amount of cash in the market and with the Fed continuing to support the market, credit will continue to outperform,” said the head of syndicate ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial