Daimler Preps MXP Bond

Daimler Mexico is planning to issue up to MXP 1bn ($70m) in 2 or 3-year floating rate domestic bonds, according to a banker on the deal. The car manufacturer’s notes come with a guarantee from the Germany-based parent, and could be priced as soon as mid-June. BBVA Bancomer and Banamex are managing the sale, rated AAA on a national scale. Daimler last came to market in September, when it priced a MXP1bn ($73m) 3-year bond at TIIE+50bp.