January 7, 2014
Daimler Mexico is planning to issue a MXN1.75bn ($134m) bond in the local m
Daimler Mexico is planning to issue a MXN1.75bn ($134m) bond in the local market this month, LatinFinance understands. The deal will likely be in 3-year, floating rate format. The auto manufacturer had hoped to sell the bond in December, but waited for a better market. Banamex, HSBC and Scotiabank are managing the sale, rated AAA on a national scale. Daimler last came to market in November 2012, when it sold a MXN1bn 2015 bond at TIIE+35bp.