A spokeswoman for Jaguar told Bloomberg News
that the meetings with US investors were planned as a roadshow to “lay the groundwork” for a future transaction.
The company “routinely monitors the debt capital markets so could decide to issue a new bond anytime it thinks conditions are favorable,” she added.
Officials at BAML declined to comment on the potential deal.
The maker of the Land Rover Discovery SUV is scheduled to repay the equivalent of about $1.2 billion of maturing bonds over the next two years, including a $500 million note due in March 2020.
The company is not facing any near term pressures to raise new funding and has around $6 billion of liquidity to help tackle any near term maturities.
Jaguar returned to the bond market for the first time in almost a year in November, selling 800 million euros ($864 million) of debt following a positive set of results. It took advantage of investor optimism around the company at the time and raised an additional 200 million euros just a month later.