Daimler bets big on one-year Panda

Noah Sin,

Paolo Danese

August 21, 2018 10:00 am

Mercedes_Benz_1_230px — A Mercedes-Benz hood ornament. Daimler is said to favor Poland over Slovakia and Russia for the construction of a new car plant. Hungary has also been named as a potential candidate. Polish officials so far have given no leads on the upcoming project which could bring a thousand jobs to the country. | NurPhoto/SIPA USA/PA Images

German carmaker Daimler came back to the Panda bond market to raise Rmb4bn ($582m) last Thursday, marking its third outing in the asset class in 2018. The issuer shifted its focus to the shorter-dated tranche, which made up 75% of the offer.

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Topics

China Asia Greater China China Bonds Northeast Asia China Asia Pacific Emerging Markets

NS

Noah Sin

PD

Paolo Danese