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Daimler AG (DAI.XE) was planning to sell a euro-denominated bond maturing in May 2015, one of the banks running the deal said Tuesday.
Initial price guidance on the deal was set at 70 basis points over midswaps.
Deutsche Bank AG, LBBW and Banco Santander SA are joint lead managers on the transaction. Order books are open.
The issuer is rated A3 by Moody's Investors Service Inc., BBB+ by Standard and Poor's Corp. and A- by Fitch Ratings.
-By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; firstname.lastname@example.org