BMW AG recently conducted a bond sale of $4 billion in the US high-grade bond market. The sale was made through its subsidiary BMW US Capital LLC and included six parts. The longest portion of the offering was $500 million of 10-year notes, which had a yield 1.15 percentage points higher than Treasuries, lower than the initial estimate of around 1.35 percentage points. Additionally, the company issued two-, three-, and five-year fixed-rate notes, along with two-year and three-year floating-rate notes.

The bond sale was part of a larger trend, with six companies proceeding with debt offerings totaling $11 billion on Monday, while four companies chose not to participate. Syndicate desks predicted around $35 billion in bond sales for the week, similar to the previous week's numbers.

Moody's Ratings and S&P Global Ratings are expected to grade the senior unsecured notes as A2 and A, respectively. The offering was managed by Bank of America Corp, Deutsche Bank AG, Goldman Sachs Group Inc., Societe Generale SA, and Toronto-Dominion Bank. The bonds will be issued in 144A/Reg S format without registration rights, and the funds raised will be used for general corporate purposes. The issuer profile includes debt distribution, capital structure, related securities, and ratings history.