By Rebecca Melvin
New York, March 5 – Daimler AG priced €1 billion of 0.75% senior green notes due 2033 at 99.26 to yield 0.815% or a spread over mid-swaps of 70 basis points, according to a market source.
Pricing was tight to guidance of 70 bps to 75 bps over mid-swaps from initial talk for 95 bps area over mid-swaps.
The order book for the Regulation S deal was in excess of €2.8 billion at the time guidance was released. BBVA, BNP Paribas, Commerzbank, Deutsche Bank and Santander were the bookrunners.
The multinational automotive company is based in Germany.
| Issuer: | Daimler AG
|
| Amount: | €1 billion
|
| Maturity: | March 11, 2033
|
| Description: | Senior green notes
|
| Bookrunners: | BBVA, BNP Paribas, Commerzbank, Deutsche Bank and Santander
|
| Coupon: | 0.75%
|
| Price: | 99.26
|
| Yield: | 0.815%
|
| Spread: | Mid-swaps plus 70 bps
|
| Trade date: | March 4
|
| Settlement: | March 11
|
| Distribution: | Regulation S
|
| Talk: | Guided to 70-75 bps over mid-swaps from initial talk of 95 bps area over mid-swaps
|
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