Mercedes-Benz Financial Services Korea, a subsidiary of the German automotive group Daimler AG, on Monday issued its third non-guaranteed publicly offered Korean won denominated bond.

The size of the bond is 130 billion won with two year tenor and fixed coupon of 3.38 percent per year. The proceeds of the bond will be fully used for financing and leasing vehicles of Mercedes-Benz customers in Korea, the company said.

Standard Chartered Securities Korea was assigned as lead manager and Woori Investment & Securities as underwriter for the transaction.

(jylee@heraldcorp.com)