Daimler Prices MXP Bond

Daimler Mexico has issued MXP1bn ($73m) in 2014 floating rate domestic bonds. The bonds pay the TIIE+30bp, pricing inside of TIIE+35bp price thoughts. Mutual funds, private banking and Afores participated. Funds raised will be used for general corporate purposes. The car manufacturer’s notes come with a guarantee from the German-based parent. BBVA Bancomer and Banamex managed 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.