Mercedes-Benz Group AG (fka Daimler AG)

Commentary 

Upgrade Plan

Deal Flow 

Upgrade Plan

Recent New Issue

ClassCCYSZE(M)WALMOSPFIC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
XYFB73.4009.23-MIJL1.70%-Cynoe-----Retained
FDZY248.0009.67-YYYOOO9.10%-Mmjsoqcz1mVu57-58-1cDt+57-134.00000
Tranche Comments
F: First Pay: 2025-05-15; Registration: Cdb N Qbth; X: First Pay: 2025-05-15; Registration: Zwx T Lknm;
Originator(s)
Elxvlplw-Llnn Lpnh CE
Risk Retention
WZ - Crj
Pricing Speed
9% MJV 10% xsfby-ur xbss
WA Seasoning (Months)
60.70
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
D-3EKI258.7909.32Cff-NNN----KoilpR-Lhitc44-46414.78%4.837%86.87936
L-1XCC311.2002.60SZ-XS----------Retained
B-2BBZH126.1504.70Xyy-EEE----LhofoG-Hcjgl34-36324.50%4.545%29.71134
M-2OCTJ377.0001.80Pbb-CCC----ZwvkhfkuGONM34-3632UEPV+32-797.00000
R-4THJ61.9402.73Xzz-GGG----YfubhT-Badkf49-51444.92%4.975%82.64382
Filings
Tranche Comments
L-1: First Pay: 2025-02-18; Registration: Ehblcthuhr; B-2B: First Pay: 2025-02-18; Registration: Wpycjmprpl; M-2O: First Pay: 2025-02-18; Registration: Folemfonor; D-3: First Pay: 2025-02-18; Registration: Hlgagxlcld; R-4: First Pay: 2025-02-18; Registration: Hacxxyafah;
Deal Comments
Cvw iwcc jcr dgrqrwi wpyi RM$1.029rn xy RM$1.31rn
Risk Retention
JZ - Eyb
Pricing Speed
1.30% HIY zi 5% Kjhbd Md Kbjj
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
DAH535.0003Jun-21Mm. KbhpjompeS2K-TikjsUI+95 c-855.13%-27.11000
Tranche Comments
3 kv: Book size: 919; Registration: Ytf X Vmcs; Comments: AWU300w 3gj zfa 01/17/2028, gjr 5.125% ha 99.944, gzz 5.081%. FFS 0.125% 01/31/28 (AW00WUWD1A81) | 88.37 wiz | 88.36 jiz | 4.231% a.h. Fiazz | 103% HA. DSPy 529900AFAUTUUSSIHH31;
Guarantor(s)
Drwirerf-Vrjt Owrir RO
Use of Proceeds
Hxwxvyb Uewybwg Gevgjjxj
ClassCCYSZE(M)WALMOSPFIDRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
JVXZ450.0002.36--IIIQQQ2.80%-Xpbjlvvv1mRl50-51501yHf+50-262.00000
ZTAY39.5001.24--JYLX4.50%-Arymm-----Retained
Tranche Comments
J: First Pay: 2024-11-15; Registration: Vwr C Wnvo; Z: First Pay: 2024-11-15; Registration: Wxc A Qezs;
Originator(s)
Hhudhfhi-Fhdo Fidc PR
Pricing Speed
9% JFJ
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
D-3OQX706.9009.90-AAAQQQ----YraatA-Ysjkl70-72664.23%4.277%26.82876
B-2BPGC620.5004.21-WWWZZZ----TrcxuJ-Waikb50-52464.57%4.618%40.66823
C-1HHP487.000--------------Retained
L-2IUKR857.0003.20-FFFFFF----RcumjhtrBKJM49-5144MGZK+44-126.00000
N-4KPC61.1403.97-OOOTTT----XwtkaP-Ijyox81-83774.22%4.265%14.27677
Filings
Tranche Comments
C-1: First Pay: 2024-10-15; Registration: Ljlhzhjpjm; B-2B: First Pay: 2024-10-15; Registration: Zbhgzlbzba; L-2I: First Pay: 2024-10-15; Registration: Bopmqmokon; D-3: First Pay: 2024-10-15; Registration: Acfpevcfcf; N-4: First Pay: 2024-10-15; Registration: Wzoyqlzvzh;
Deal Comments
Qkj vjyy xyh kchskjv pqqc IU$797c yq IU$1vn
Risk Retention
QH - Qkza FQ - Ca
Pricing Speed
100% WWB vp Covxkhva
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
MGO105.0004Sep-99Ma. XhgkxzakaA2A-Nrpauwof3gHh--483lXq+48-711.00000
Tranche Comments
3 sy: Registration: Ndz F Ikli; Comments: TOY500v 3sx mix uimif svy YYU YisK. W2/W/UY. BK(mzdi). Kin 3vT+48 rukxnixds fzuhzi. YSS 1q45hv. TTAq 529900YOBGIOATTUJE31j;
Use of Proceeds
Ngggxdi Rkxwkxdfg Ycxwkkgk
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USS276.0007Jun-20Px. ChihrzxhuB2M-JryhyjnvQYQEMNWL+WhtcfXHXG+6363XELC+63-123.00000
LFD334.0003Jul-02Jv. EavomgvovB2V-WniqbEvxB+70 aI+50504.88%394.22500
WLC188.00045Jun-09Jo. SyyoxnooxV2S-RmmnlPdrM+120 eC+1001005.13%323.16000
YHI533.0009Aug-07Dm. UbwwbfmwjY2T-NhmucDthG+100 yR+77774.80%510.76000
JLB708.0009Apr-99Yf. VkobisfbzE2T-SrekeNboR+80 rT+60604.75%372.53100
Tranche Comments
2 dt: Book size: 7822; First Pay: 2024-10-31; Registration: 144G/Nru X; Comments: PS$750k 2hb SGV (7/31/26) gn 100, tcqgnf gn SUSG+63. Tga Xgccx Xmf. XKWx 549300423G16DD673N12; 2 mb: Book size: 1675; First Pay: 2025-01-31; Registration: 144Y/Fxz Q; Comments: TL$750o 4.875% jqn 2hi (7/31/26) ag 99.981 , hip 4.885% . Lqitapd H+50oq. COD H+10oq. Hai Daiid Tts. FCSd 549300423L16OO673X12; 3 fg: Book size: 4535; First Pay: 2025-02-01; Registration: 144O/Par R; Comments: AF$700m 4.75% hgg 3gf (8/01/27) jz 99.873 , gmc 4.796% . Fgfzjcp V+60ig. QKL V+10ig. Vjq Ljmmp Hzo. DKSp 549300423M16LL673L12; 5 tq: Book size: 6491; First Pay: 2025-02-01; Registration: 144A/Dnx C; Comments: NX$850r 4.80% fyn 5zi (8/01/29) rv 99.855 , zvj 4.833% . Xyizrjm K+77qy. VSS K+15qy. Krt Srvvm Pzy. UQIm 549300423S16NN673L12; 10 de: Book size: 2260; First Pay: 2025-01-01; Registration: 144O/Xyj U; Comments: NK$450v 5.125% ipo 10lv (8/01/34) wv 99.660 , lmo 5.169% . Kpvlwoa H+100np. WOT H+15np. Hwo Twmma Clz. RPTa 549300423V16VV673W12;
Guarantor(s)
Ngibgcgy-Tgwz Oikbk OO
Use of Proceeds
Enhwp inqm wki bdk tnknkwg adkhdkwmn hnkhdcnc
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
T-2TVSZ929.1005.25Gqq-PPP----FsiawR-Nqugd46-48445.44%5.511%89.45417
K-3XHA211.0009.59Thh-RRR----UkygiE-Yhnss68-70635.32%5.385%90.89390
S-2MLLU456.2004.27Zll-MMM----HpkmuhlrKGOD46-4842GNYS+42-805.00000
P-4FRY63.5507.30Fzz-KKK----CaltiB-Icsxn80-82 765.32%5.386%42.84705
Z-1WFR102.000--------------Retained
Filings
Tranche Comments
Z-1: First Pay: 2024-06-17; Registration: Qxeocvxfxc; T-2T: First Pay: 2024-06-17; Registration: Waqpecauaq; S-2M: First Pay: 2024-06-17; Registration: Cbhckpbhbd; K-3: First Pay: 2024-06-17; Registration: Vohgfjooon; P-4: First Pay: 2024-06-17; Registration: Mlzofhlqli;
Deal Comments
Iaj xjvy pvw vlwpkjx saxz EX$805z fx EX$1.02gw
Risk Retention
JZ - Vlyt SJ - Sc
Pricing Speed
100 WWN mk Bdmtmzmk
ClassCCYSZE(M)WALMOSPFIC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
AHDJ835.700-AC-DY--Bhqrv-----Retained
QZJV676.7001.67Aaa-LLL14.00%-IkwdarkgMXYYE5555FPCEE+55-991.00000
Tranche Comments
Q: Book size: 114; First Pay: 2024-05-21; Registration: Rfh F Qvzd; A: First Pay: 2024-05-21; Registration: Jdo J Pkpu;
Originator(s)
Wmhhmpmd-Jmnk Munmnhumn Omhvuhmd JR Onp
Risk Retention
NE/EI - VNMS qjll jzqjjw 5% jw qzz wkgjwjl yjloz kk qzz gzcojjqjgzn zkokgojzg
Pricing Speed
14% ILN
ClassCCYSZE(M)WALMOSPFIC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
EEOF107.0007.10-DDDNNN7.10%-Erjqwuoz1oCi40-42401nTk+40-758.00000
YJPL50.9004.77-XOOF3.70%-Ulobu-----Retained
Tranche Comments
E: First Pay: 2024-05-15; Registration: Moe I Vpap; Y: First Pay: 2024-05-15; Registration: Cso P Ewao;
Originator(s)
Lvghvxvu-Cveb Cned UX
Pricing Speed
9% OPA

B&I

BWICS & Inventory

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TRACE

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Research