a $570 million offering of Daimler Benz AG auto loan asset-backed certificates. The certificates were priced to yield 5.965%, or 45 basis points above the Treasury's 6.5% note due April 1997. The certificates have an average life of 1.383 years and were rated Triple-A by Moody's Investors Service Inc. and Standard & Poor's Ratings Group. The certificates were sold through Daimler Benz Auto Grantor Trust 1995- A, a special-purpose unit.
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