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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COND
PRCD
BMW
BMW Finance NV€2,200
3EMEA
May 11, 2026
currency
EUR
size (m)
900.000
maturity
May 19, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A
fitch
-
re-open/tap
No
ipt
MS+75 area
ipt-pxd
-30
guidance
MS+50 area
spread
45
coupon
3.25%
spread set
-
price
99.92700
yield
3.276%
book size (m)
2,000
peak book (m)
2,500
x-covered
2.22
book attrition
-0.20%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,000
peak book (m)
2,500
x-covered
2.22
book attrition
-0.20%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
650.000
maturity
May 19, 2032
type
Fixed
tenor
6.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A
fitch
-
re-open/tap
No
ipt
MS+105 area
ipt-pxd
-30
guidance
MS+80 area
spread
75
coupon
3.625%
spread set
-
price
99.87800
yield
3.648%
book size (m)
1,450
peak book (m)
2,200
x-covered
2.23
book attrition
-0.34%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,450
peak book (m)
2,200
x-covered
2.23
book attrition
-0.34%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
650.000
maturity
May 19, 2036
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A
fitch
-
re-open/tap
No
ipt
MS+135 area
ipt-pxd
-30
guidance
MS+110 area
spread
105
coupon
4.00%
spread set
-
price
99.10500
yield
4.111%
book size (m)
1,450
peak book (m)
2,100
x-covered
2.23
book attrition
-0.31%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,450
peak book (m)
2,100
x-covered
2.23
book attrition
-0.31%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2000; Registration: Reg S Only; Comments: OBL 2.1 04/12/29 +61.9bps (bid 98.455, HR 103%). LEI: 5299006ZHG3IXU0PNJ56; Book size: 1450; Registration: Reg S Only; Comments: DBR 0 02/15/32 +86.0bps (bid 85.350, HR 111%). LEI: 5299006ZHG3IXU0PNJ56; Book size: 1450; Registration: Reg S Only; Comments: DBR 2.9 02/15/36 +106.5bps (bid 98.770, HR 97%). LEI: 5299006ZHG3IXU0PNJ56;
Guarantor(s)
Bayerische Motoren Werke AG
Use of Proceeds
General Corporate Purposes
Relative Value

COMPS

TICKER

MDY

S&P

FITCH

ISSUE

MAT

CPN

TTM

AMT

€MS+

* BMW Curve *

BMW

A2

A

-

May-24

Nov-28

3.25

2.5

850

31

BMW

A2

A

-

Jan-26

Jan-29

2.625

2.7

1000

39

BMW

A2

A

-

Jan-19

Feb-29

1.5

2.7

1500

35

BMW

A2

A

-

Jan-25

Jul-29

3.125

3.2

1000

44

BMW

A2

A

-

May-23

Jul-30

3.25

4.2

500

38

BMW

A2

A

-

Aug-24

Aug-30

3.125

4.3

750

52

BMW

A2

A

-

May-25

May-31

3.25

5

750

57

BMW

A2

A

-

Jan-20

Jan-32

0.875

5.7

500

48

BMW

A2

A

-

Jan-26

Jan-32

3.25

5.7

650

73

BMW

A2

A

-

May-24

Nov-32

3.5

6.5

850

76

BMW

A2

A

-

Jan-21

Jan-33

0.2

6.7

500

52

BMW

A2

A

-

Jan-25

Jan-33

3.5

6.7

750

80

BMW

A2

A

-

Sep-23

Oct-33

4.125

7.4

500

85

BMW

A2

A

-

Jan-24

Feb-34

3.375

7.7

1000

90

BMW

A2

A

-

Aug-24

Aug-34

3.375

8.3

750

87

BMW

A2

A

-

May-25

Nov-34

3.75

8.5

750

84

BMW

A2

A

-

May-23

May-35

3.625

9

750

87

BMW

A2

A

-

Jan-26

Jan-36

3.75

9.7

650

100

* Recent MBGGR *

MBGGR

A2

A

-

May-26

May-29

3.2

3

1000

43

MBGGR

A2

A

-

May-26

May-32

3.6

6

800

73