Daimler Guidance On 7-Year Euro Bond, Swaps +0.65-0.70
March 20 2012 - 6:55AM
Dow Jones News
German automaker Daimler AG (DAI.XE) has set price guidance on
its benchmark-size, euro-denominated, seven-year bond, one of the
banks running the deal said Tuesday.
Initial guidance is 65-70 basis points over midswaps.
BBVA, Bayern LB and Deutsche Bank AG are the lead managers of
the sale.
The issuer is rated A3 by Moody's Investors Service Inc. and A-
by Standard & Poor's Corp. and Fitch Ratings.
-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287;
ben.edwards@dowjones.com
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