Bonds, backed by German auto leases are going to be sold by Bayerische Motoren Werke AG (BMW). These AAA rated notes, with an approximate lifespan of 1.88 years, will total $1.1 billion dollars.
On January 8, 2010, Ford Motor Co. sold bonds backed by auto loans. According to JPMorgan Chase & Co. data, investors want at least 1 percent more than what the benchmark rates for senior two-year bonds that have been backed by European automotive loans. This has been cited as the lowest spread since the third quarter of 2008.
