CaixaBank Corporate & Investment Banking (CaixaBank CIB) has acted as Joint Active Bookrunner in the successful €1.8 billion dual-tranche issuance by Mercedes-Benz AG, further strengthening its position as a key player in the European investment grade primary credit market.
The transaction was structured in two tranches: a €1 billion 3-year tranche and an €800 million 6-year tranche.
Despite a highly active European investment grade primary market, the transaction attracted strong demand, with broad participation from high-quality investors. This robust order book enabled the issuer to significantly tighten pricing by 30 basis points from initial price thoughts (IPTs).
Final pricing was set at:
CaixaBank CIB highlighted the strength of demand and the high quality of the order book, as well as Mercedes-Benz AG’s ability to execute a large-scale transaction under highly competitive market conditions.
The transaction further reinforces Mercedes-Benz AG’s strong positioning in the credit markets and investor confidence in its credit profile.
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