DaimlerChrysler tightens terms on bond -banker

Newswire

LONDON, Aug 29 (Reuters) - U.S.-German automaker DaimlerChrysler has tightened the spread guidance on its 3-year, 1.5 billion euro ($1.92 billion) bond, a banker familiar with the deal said on Tuesday. The bond will be priced to yield 37 basis points over mid-swaps, tighter than earlier guidance of around 40 basis points over mid-swaps, he said. A tightening of spread guidance is usually a sign of strong demand. BayernLB, Commerzbank and SG CIB are managing the sale. DaimlerChrysler ...

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