Daimler issues first corporate bond in China

Daimler enters new territory by tapping capital market in China with issue of first bond of 500 million renminbi. The bond is issued with a one-year maturity. Daimler is the first foreign company to issue a bond with a volume of 500 million renminbi (equivalent to 60 million euros) and a maturity of one year.

Bodo Uebber: “We are pleased to have created a new financing instrument, together with the Chinese authorities.”
On Friday, Daimler AG issued a corporate bond in China for the first time, thus tapping into an additional source of finance for the rapidly growing China business. Daimler is the first foreign company to issue a bond with a volume of 500 million renminbi (equivalent to 60 million euros) and a maturity of one year. “We are pleased to have created a new financing instrument, together with the Chinese authorities, that fulfills the international standards,” stated Bodo Uebber, member of the Board of Management of Daimler AG for Finance & Controlling and Daimler Financial Services.

Together with the Bank of China and supported by the Chinese financial supervisory authority, Daimler has thus tapped into an important source of financing in the Chinese capital market. “We are pioneers with this bond issue, and at the same time are helping to open up the Chinese capital market for international issuers,” continued Uebber. The bond met with strong demand and was broadly placed in the Chinese capital market.

Daimler