After Fiat, BMW is also exploring the debt market, announcing its intention to issue a bond maturing in June 2018, entrusted to BBVA, Credit Agricole, Citigroup and UBS. Unlike the Fiat bond loan, which promises a return of more than 7%, the coupon offered by BMW should be less than 1,50%, placing itself more precisely in the range between 1,30% and 1,40%.
What makes the difference between the two automotive groups is the valuation of their title. Indeed, if the Fiat share is in a speculative range, the BMW share enjoys a good rating (A by Standard&Poor's and A2 by Moody's) and is considered a "save".
