BMW’s German captive finance arm is marketing its sixth prime auto loan securitization in an €800 million (US$877.4 million) transaction, according to S&P Global Ratings.

BMW Bank Gmbh will sell Euro bonds through the Bavarian Sky S.A., Compartment German Auto Loans 6 trust, including €744 million of seven-year Class A notes that S&P is provisionally rating AAA. The floating-rate notes are benchmarked to the one-month Euribor; a fixed rate swap agreement for the entire Class A notes series will be with an undetermined counterparty.   

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