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LONDON - BMW (ETR:BMWG) International Investment B.V. announced Tuesday it plans to issue a benchmark-sized, fixed-rate bond denominated in British pounds, maturing on July 8, 2031. The bonds will be guaranteed by Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWKY) (BMW AG).
According to a press release statement, HSBC Bank plc will act as the Stabilisation Coordinator, with HSBC Bank plc and Natwest serving as Stabilisation Managers. The stabilisation period is expected to begin July 1, 2025, and end no later than August 7, 2025.
The stabilisation activity may include over-allotment of securities up to 5% of the aggregate nominal amount. The Stabilisation Managers may conduct transactions to support the market price of the securities at levels higher than might otherwise prevail, though there is no assurance any stabilisation action will be taken.
The offer price has yet to be determined. The stabilisation activities will be conducted over the counter and in accordance with applicable laws and rules.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States. Within the European Economic Area, the offering is directed only at qualified investors as defined in the Prospectus Regulation (EU) 2017/1129.
In the United Kingdom (TADAWUL:4280), the offering targets persons outside the UK or those within the UK who have professional experience in investment matters or are high net worth individuals as defined by the Financial Services and Markets Act 2000.
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