Daimler Mexico’s peso bond nears

Daimler Mexico’s peso bond nears


Daimler Mexico’s planned MXN1bn ($75m) two-year bond is likely to be priced on Wednesday, LatinFinance has heard heard. HSBC and Scotiabank are lead coordinators on the deal, which Standard & Poor's has rated AAA on a local scale. Daimler Mexico last tapped the local market in January, when it sold a 2-year MXN1.5bn at 29bp over the TIIE, thought to be the lowest spread from an auto company in Mexican pesos since the financial crisis in 2008. As it was the case with the bond in January, the prop

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