Daimler plans 5-yr euro benchmark bond -lead
LONDON |
LONDON Aug 25 (Reuters) - Daimler AG (DAIGn.DE), maker of Mercedes Benz cars, plans to issue a 5-year euro-denominated benchmark bond, said an official at one of the banks managing the sale.
Guidance is set at mid-swaps plus around 195 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.
Barclays Capital, LBBW, Royal Bank of Scotland and SG CIB have been named to manage the sale, the official said.
Daimler is rated BBB+ by Standard & Poor's and Fitch Ratings and A3 by Moody's Investors Service.
(editing by John Stonestreet)
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