Risks in bond market 'controllable'

Chinese banks should support overseas companies in entering the Chinese market, the statement said.

Bank of China said it studied and referred to international standards and business practices for such bonds.

"We are pleased to have created a new financing instrument, together with the Chinese authorities, that meets international standards," said Bodo Uebber, a member of Daimler's board.

The bond met with strong demand and was broadly placed in the Chinese capital market.

Proceeds will be used to finance Daimler's strong growth in China. In 2013, nearly 10 percent of its worldwide revenue of 118 billion euros ($164 billion) was generated in China.

"That proportion will increase in the future, along with the ongoing expansion of our business with cars, trucks and vans.

"Corporate bonds like this allow us to broaden the basis of our financing in the respective country," Uebber said.

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