Daimler Mexico bond plans move ahead

Daimler Mexico plans to issue a 2-year bond of between MXN1bn ($75m) and MXN1.5bn in the local market on Wednesday, LatinFinance understands. Price thoughts have the deal at 30bp-area over the TIIE. The deal had previously been heard as a MXN1.75bn 3-year. The bond is guaranteed by the German parent company Daimler AG. Banamex, HSBC and Scotiabank are managing the sale, rated -/AAA/AAA on a national scale.