DaimlerChrysler NA launches $1 bln 3-yr floaters

Newswire

NEW YORK, July 31 (Reuters) - DaimlerChrysler N.A., a unit of DaimlerChrysler AG , on Monday launched $1 billion in three-year floating-rate notes, with pricing expected later on Monday, said joint lead manager Citigroup Global Markets. The notes are expected to have a coupon rate of 0.45 percentage point over the three-month London interbank offered rate. The other joint lead managers on the sale are HSBC Securities and RBS Greenwich Capital Markets.

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