DaimlerChrysler sells 7-year, 1.25 bln euro bond

Newswire

LONDON, Sept 22 (Reuters) - German carmaker DaimlerChrysler sold on Wednesday a 7-year euro-denominated bond totalling 1.25 billion euros on Wednesday, adding to a steady stream of corporate supply, the lead managers of the deal said. The deal from DaimlerChrysler North America Holding, guaranteed by the parent company, was priced to give a spread of 54 basis points over mid-swaps, or 65.6 basis points over the 5 percent 2011 German Bund. The deal was priced below the previously ...

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