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Over-subscribed BMW tightest print of year

Details continued to emerge last week of a ravenous bid for car loan collateral from BMW, the U.S. unit of luxury automaker Bayerische Motoren Werke. The $1.6 billion BMW 2003-A was greatly oversubscribed, pricing at the tightest levels seen this year.

According to sources, the separate tranches were oversubscribed...

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