DaimlerChrysler UK Holding has issued two euro trades off its $20 billion multi currency EMTN programme. The first trade was initially quoted at euro85 million ($79.81 million), but was later topped up to euro93 million. It was lead managed by Commerzbank, while HypoVereinsbank managed the second trade for euro25 million. Both notes are zero bonds and mature in February 2002. Boris Haensel, DaimlerChrysler's treasurer for the UK entity, says: "We'll go on to issue this year to fund our leasing activities. Our main focus will be on the one to two year period because that covers most of our leasing activities."
February 09, 2001
