Dow Jones reported that BMW Leasing GmbH, part of Bayerische Motoren Werke AG (BMW), has sold EUR742 million of triple-A rated bonds backed by auto leases. The bonds priced at par and pay investors a coupon of 85 basis points over one-month Euribor. They were sold via Bavarian Sky, a securitization vehicle set up by BMW Leasing. Societe Generale SA and WestLB AG are acting as joint-lead managers. andriol vakantiehuizen calonge
