DaimlerChrysler sets German car bond terms -source

Newswire

LONDON, Oct 31 (Reuters) - DaimlerChrysler Bank has set price guidance for a 700 million euro ($842.7 million) German car loan backed bond, a source close to the deal said on Monday. Fortis Bank and SG CIB are the lead managers of the bond sale via the special purpose vehicle Silver Arrow. The issuer is the auto finance arm of car maker DaimlerChrysler . There are more than 49,000 car loans in the pool that will generate bond repayment. The terms on offer are below. The ratings are from ...

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