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Published on 11/30/2021 in the Prospect News Investment Grade Daily.

Daimler Truck holds fixed-income calls for inaugural dollar notes

By Cristal Cody

Chicago, Nov. 30 – Daimler Truck AG held global fixed-income investor calls on Tuesday for an inaugural dollar-denominated multiple-tranche offering of senior notes (A3/BBB+), according to a market source.

The notes will be issued by subsidiaries Daimler Trucks Finance North America LLC and Daimler Trucks Finance Canada Inc.

Maturities will range from 18 months to 10 years.

J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are leading as bookrunners.

Daimler Truck is a commercial vehicle manufacturer based in Stuttgart, Germany.


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