Mercedes-Benz prices A$100 million three-year EMTN

Tuesday, 09 January 2018

Updated

Issuer: Mercedes-Benz Australia
Issuer rating: A/A2/A-
Issue rating: as issuer
Pricing date: 9 January 2018
Settlement date: 16 January 2018
Maturity date: 18 January 2021
Lead managers: Commonwealth Bank of Australia

Volume: A$100 million (US$79.7 million)
Total outstanding in the line: A$100 million
Coupon type: fixed
Coupon rate: 2.625%
Issue/re-offer price: 99.645%
Issue yield: 2.75%
Margin to swap: 59.1bp/s-q