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Daimler grosses €998.0 million from debt offering

Daimler AG raised gross proceeds of €998.0 million from an offering of 0.875% senior unsubordinated unsecured notes due Jan. 12, 2021.

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

ING Bank NV was the lead underwriter.

Commerzbank AG, Deutsche Bank AG's London branch and SG Corporate & Investment Banking also served as underwriters for the offering.