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Daimler grosses €1.50 billion from debt offering

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Daimler grosses €1.50 billion from debt offering

Daimler AG raised gross proceeds of €1.50 billion from an offering of 0.50% senior unsubordinated unsecured notes due Sept. 9, 2019.

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

Banco Santander SA, BNPP UK Holdings Ltd., Danske Bank A/S and Landesbank Baden-Württemberg were the lead underwriters.