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:

  • 3-year tranche: Mid-Swap +45 basis points
  • 6-year tranche: Mid-Swap +75 basis points

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.

Fuente: CaixaBank Corporate & Investment Banking

https://www.linkedin.com/posts/caixabankcib-share-7459898674014302208-TwCz/
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