Daimler deals dual-currency debt sale

Daimler deals dual-currency debt sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

The Mexican division of the German carmaker Daimler plans to issue up to MXN3.5bn ($181m) in bonds in both pesos and US dollars. Daimler will divide the deal into three-year fixed-rate notes in pesos, two-year floating-rate notes in pesos and three-year floaters in dollars, according to a report from Fitch. The new notes are part of the company's MXN30bn debt program, according to a report from S&P Global. Fitch and S&P both gave the upcoming notes a AAA rating on the local scale, cit

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