Daimler Truck primarily covers its refinancing needs by issuing bonds. A large proportion of those bonds are sold as benchmark bond issuances (bonds with high nominal volumes) in Euro and US-dollar markets.
Daimler Truck has set up a Euro Medium Term Note program (EMTN) under which Daimler Truck AG and several subsidiaries can issue bonds in various currencies. Additionally, Daimler Truck has established a number of capital market programs that are smaller in volume for local capital market funding. Capital market programs allow flexible, repeated access to the capital markets. Moreover, Daimler Truck has access to the capital markets, namely the US capital markets, via stand-alone transactions.
