HSBC has completed a hat-trick of deals for German car maker BMW with a benchmark bond which was increased to €1bn, making it the company's largest.

HSBC, which has been striving to grow its investment banking and capital markets business across Europe, has not worked on a euro-denominated bond for BMW in more than two years. It last acted as joint bookrunner on a €750m ($921m) bond in July 2003.