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Daimler grosses €996.6 million from debt offering

Daimler AG raised gross proceeds of €996.6 million from an offering of 0.625% senior unsubordinated unsecured notes due March 5, 2020.

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

HSBC Bank PLC, Landesbank Baden-Württemberg and UniCredit Bank AG also served as underwriters for the offering.