Daimler issues €3bn into IG bond market after US-EU trade war tensions subside

Aidan Gregory

July 31, 2018 03:00 pm

Daimler 4 PA 230x150 — 12 June 2018, Germany, Munich: A Mercedes star on a vintage car at a car dealership. The compulsory recall for hundreds of thousands Daimler diesel vehicles is a further chapter in the exhaust gas scandal. Now, the suspicion has extended to frequently sold models of Mercedes. Also the sporty SUV GLC 220d and a model of the C class (C 220d) are concerned. Photo: Sven Hoppe/dpa | Sven Hoppe/DPA/PA Images

Daimler raised €3bn on Tuesday with a blockbuster bond offering of three tranches, each of which was heavily oversubscribed. The deal comes in an empty new issue market and is unusually large for this time of year.

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Topics

Deutsche Bank Germany Europe Crédit Agricole EMEA Corporate Bonds

AG

Aidan Gregory