Deal | 14 July 2025
Daimler México, with BBVA as Placement Agent, Successfully Prices MXN 3 Billion CEBURES
Daimler México, S.A. de C.V. successfully executed an offering of Certificados Bursátiles (CEBURES) totaling MXN 3 billion in the local market, with BBVA acting as placement agent. The issue was 1.35times oversubscribed, attracting orders of MXN 4.04 billion—underscoring robust investor demand for issuers with strong credit profiles and proven track records.
The two-year floating-rate notes were priced at the TIIE Fondeo rate plus 88 basis points, tightening by 7 bps from the initial price guidance released to the market. An unconditional and irrevocable guarantee from Daimler Truck Holding AG enhanced the credit appeal of the transaction, which was rated “mxAAA” by S&P and “AAA.mx” by Moody’s.
Daimler México is part of Daimler Truck, one of the world’s largest commercial-vehicle manufacturers. With more than 80 years of presence across the Americas and 34 years in Mexico, the company occupies a strategic role in the national industry—spanning manufacturing, financing and mobility solutions for both freight and passenger transport. It has been pivotal in advancing Mexico’s logistics infrastructure and transportation sector, supported by a robust network of clients, dealers and after-sales services nationwide.
This transaction marks Daimler México’s return to the local debt market since 2023 and reinforces its capacity to tap competitive, diversified financing sources in line with its long-term strategy.
The order book was anchored by a solid and varied base of institutional investors, including investment funds, insurers, brokerage firms, corporate treasuries and private banks.
BBVA expresses its gratitude to Daimler México for its trust and is proud to have served as placement agent on this transaction—reaffirming its commitment to financing leading companies in strategic sectors across Mexico.
The two-year floating-rate notes were priced at the TIIE Fondeo rate plus 88 basis points, tightening by 7 bps from the initial price guidance released to the market. An unconditional and irrevocable guarantee from Daimler Truck Holding AG enhanced the credit appeal of the transaction, which was rated “mxAAA” by S&P and “AAA.mx” by Moody’s.
Daimler México is part of Daimler Truck, one of the world’s largest commercial-vehicle manufacturers. With more than 80 years of presence across the Americas and 34 years in Mexico, the company occupies a strategic role in the national industry—spanning manufacturing, financing and mobility solutions for both freight and passenger transport. It has been pivotal in advancing Mexico’s logistics infrastructure and transportation sector, supported by a robust network of clients, dealers and after-sales services nationwide.
This transaction marks Daimler México’s return to the local debt market since 2023 and reinforces its capacity to tap competitive, diversified financing sources in line with its long-term strategy.
The order book was anchored by a solid and varied base of institutional investors, including investment funds, insurers, brokerage firms, corporate treasuries and private banks.
BBVA expresses its gratitude to Daimler México for its trust and is proud to have served as placement agent on this transaction—reaffirming its commitment to financing leading companies in strategic sectors across Mexico.