February 12, 2019 |
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, citing
Carmaker's Mexican business aims to raise $180m from a three-part bond deal in pesos and dollars