Daimler returns to Swiss francs, sustains niche trend

Daimler revisited the Swiss franc market after a three year absence this week with a Sfr200m ($238m) 2.9 year note — the first German corporate trade in the currency this year. This was also Daimler’s second niche currency trade in the last two weeks, after its debut Swedish krona deal — a Skr750m ($121m) 3.75% three year note — as the borrower looks to fund its operations around the world in their respective local markets.