Daimler rounding off Eu3bn after strong response

21 Sep 2009

German carmarker Daimler is set to complete its Eu3bn two year rollover shortly, after receiving a warm response from the market. With books set to close this week, after commitments were initially due last Friday, the signing of Daimler’s deal will take place in the next fortnight.

The deal is the latest refinancing to find strong demand from lenders in western Europe, despite tighter pricing. German utility RWE is also in the market with a Eu2bn loan, with commitments due by next Friday, and that deal too is heading towards an oversubscription.

“There’s not a ...

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