Mercedes-Benz launches three-year EMTN deal

On 14 January, Mercedes-Benz Australia Pacific (BBB+/A3/BBB+) launched an Australian dollar denominated, three-year EMTN deal, via Commonwealth Bank of Australia and TD Securities. The transaction has indicative volume of A$100 million (US$77.5 million) and price guidance of 75 basis points area over semi-quarterly swap. Pricing is expected on the day of launch during London hours.