Mercedes-Benz three-year Australian dollar EMTN progresses to launch

On 9 January, Mercedes-Benz Australia (Mercedes-Benz) (A/A2/A) progressed to launch with an indicative A$100 million (US$78.6 million) three-year EMTN transaction. The deal is being marketed at 59 basis points area over semi-quarterly swap. Pricing is expected on the day of launch during London hours, according to joint lead managers Commonwealth Bank of Australia and TD Securities.