Daimler has successfully placed a bond of EUR2bn, a spokesman said.
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The debt instrument has a maturity of five years. Demand was big and the bond was strongly oversubscribed, the spokesman said. “We are very satisfied,” he told daily Financial Times Deutschland.
Since January, Daimler has generated EUR3.7bn through bond issues. By December the company has to redeem bond certificates with a value of almost EUR6bn.
In the past months many firms have used the good bond market environment to strengthen their liquidity with bond issues. Among them were supplier Robert Bosch.
In March Abu Dhabi helped Daimler cover its urgent liquidity need, acquiring a stake of 9.1% and injecting almost EUR2bn into the company.
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