DaimlerChrysler 7-yr bond to total 1.25 bln euros -banker

Newswire

LONDON, Sept 22 (Reuters) - German carmaker DaimlerChrysler will price a 7-year euro-denominated bond to give a spread of 54 basis points over mid-swaps, below the previously indicated price range, a banking source said on Wednesday. The deal would total 1.25 billion euros, the source said. The bond was previosly expected to give a spread of between 55 and 60 basis points over mid-swaps, and lowering the yield offered to investors indicates healthy demand for the deal. The bond, led by ...

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