Daimler Finance North America pricing benchmark-size notes in three tranches on Monday

By Andrea Heisinger

New York, Jan. 7 - Daimler Finance North America LLC is in Monday's market with a benchmark-size offering of notes (A3/A-/) in three tranches, an informed source told Prospect News.

The offering includes two-year floating-rate notes, three-year notes and five-year notes.

The sale is being priced under Rule 144A and Regulation S.

Bookrunners are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and RBS Securities Inc.

Daimler Finance was last in the U.S. bond market with a $2.25 billion sale of notes in two tranches priced on July 25, 2012. The offering included 1.3% three-year notes priced at Treasuries plus 108 basis points.

The financing unit of Daimler AG is based in Stuttgart, Germany.

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