Daimler Mexico attracts strong demand for bond

Daimler Mexico attracts strong demand for bond

Bonds

Daimler Mexico has sold a MXN1bn ($76m), two-year local market bond after receiving close to MXN3.5bn in orders, LatinFinance understands. Bookrunners HSBC and Scotiabank priced the bond at 18bp over the TIIE, tight to guidance of 25bp. Mutual funds, insurance companies, brokerages, banks, treasuries and individuals participated, with the majority going to banks and brokerage houses, said people familiar with the deal. The bond is guaranteed by the German parent company, Daimler AG. Daimler Mexi

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