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


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 Deutsche Bank, HVB, and SG CIB, would price at around 1500 GMT, the source said.

The issuer, DaimlerChrysler NA Holdings, is rated A3 by Moody's Investors Service, BBB by Standard & Poor's and BBB+ by Fitch Ratings.



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