Investors gave Daimler's €3bn four-tranche offering a lukewarm welcome in the wake of poor quarterly earnings and the threat of a potential ratings downgrade. Even though the deal, comprising €750m 4.5-year, €lbn 7.25-year, €750m 10.5-year and €500m 15-year notes, came with a healthy premium, the company had to settle for a size up to €850m smaller than leads had previously telegraphed on Thursday.
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