April 01, 2022 - Daimler Truck successfully issued bonds on March 30, 2022 in the EUR market for a total amount of 1.75 billion Euro under their EMTN Programme. It is made up of three tranches with terms up to 5 years.
The transaction was well received by investors and was more than 4 times oversubscribed. The notes were issued under the newly established 10 billion Euro guaranteed debt issuance programme of Daimler Truck AG (Daimler Truck, or DTAG) and its finance subsidiaries Daimler Truck International Finance B.V. and Daimler Truck Finance Canada Inc.
Additionally, Daimler Truck accessed the USD market on March 31, 2022 in a three tranches offering with a volume of 1.8 billion Dollar and terms up to 5 years. This transaction marks the second issuance for Daimler Truck Group in the USD market after the inaugural bond offering in December 2021. The notes are rated at A3 (Moody’s) and BBB+ (S&P Global). The proceeds from both issuances will be used for refinancing the Financial Services portfolio transfers as part of Project Focus.