Commentary & Deal Flow

BMW International Investment B.V., guaranteed by Bayerische Motoren Werke Aktiengesellschaft, (ticker: "BMW") rated A2 (negative) / A (negative) by Moody's / S&P, has mandated BNP Paribas and Deutsche Bank AG as Joint Bookrunners. An investor presentation is available on the issuer's website.

An expected benchmark, 5.25yr & 10yr CHF Sr Unsec offering will follow in the near future, subject to market conditions.

• Expected Issue Ratings: A2/A (Moody's/S&P)
• Investor Presentation: https://www.bmwgroup.com/content/dam/grpw/websites/bmwgroup_com/ir/downloads/en/2026/investor-presentation/BMW_Investor_Presentation_2026.pdf