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Daimler grosses €1.24 billion from debt offering

Daimler AG raised gross proceeds of €1.24 billion from an offering of 1.375% senior unsubordinated unsecured notes due May 11, 2028.

The company plans to use the proceeds for general corporate purposes or working capital.

Bayerische Landesbank, Credit Agricole Corporate and Investment Bank SA, HSBC Holdings PLC and UniCredit SpA were the lead underwriters.