Central Banks Become Drivers of BMW Bonds — Market Talk

0847 GMT The bonds of BMW are a favorite among eurozone central bankers, and could also start drawing attention from the Bank of England. The German carmaker is second only to Deutsche Bahn in terms of the number of issues purchased by the European Central Bank, according to UBS-compiled data. The ECB has bought 11 different BMW euro bonds. Meanwhile, the Bank of England could start purchasing BMW sterling bonds under its own credit QE program. It had bought BMW bonds under its old corporate bond secondary market scheme, which was also targeting companies with a “material contribution” to the U.K. economy. (tasos.vossos[a]wsj.com, [a]tasosvos)

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