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FRANKFURT - Mercedes-Benz (OTC:MBGAF) International Finance B.V. has completed its dual-tranche bond offering worth EUR 1.15 billion without requiring stabilization measures, according to a post-stabilization notice issued Monday.
The offering consisted of a EUR 650 million tranche with a 2.5% coupon maturing in 3.25 years and a EUR 500 million tranche with a 3.125% coupon maturing in 6.25 years. The bonds were issued at 99.661% and 99.579% of face value, respectively.
The shorter-term bonds were priced at 74.1 basis points over the OBL 2.2 04/2028 benchmark, while the longer-term securities were set at 99.1 basis points over the DBR 0 08/2031 benchmark.
Mercedes-Benz Group AG is providing a guarantee for the securities, which carry the ISIN codes DE000A4EB2X2 and DE000A4EB2Y0.
Deutsche Bank AG (ETR:DBKGn) Frankfurt announced that no stabilization activities were undertaken by the designated stabilization managers, which included BayernLB, Commerzbank (ETR:CBKG), Deutsche Bank, LBBW, Santander (BME:SAN), and UniCredit.
The announcement follows a pre-stabilization notice dated May 28, 2025. According to the press release statement, the securities were not registered under the United States Securities Act and were not offered for sale in the United States.
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