Daimler Preps MXP Bond

Daimler Mexico is planning to issue up to MXP 1bn ($72m) in 2 or 3-year floating rate domestic bonds on Tuesday. The car manufacturer’s notes come with a guarantee from the German-based parent. 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 3-year bond at TIIE+50bp.