LONDON, Jan 7 (Reuters) - News, details on corporate bond issues in the European markets on Thursday:
BANCO ESPANOL DE CREDITO (BANESTO)
Mandate: Expected to launch and price a three year floating rate note on Friday, an offical at one of the banks managing the sale said.
Managing banks: Banesto, Barclays Capital, Citi and SG.
Rating: S&P AA, Fitch AA
BANQUE FEDERATIVE DU CREDIT MUTUEL
Issue: A 850 million euros increase to an outstanding floating rate note, due Dec 2011. Combined size is now 2.35 billion euros
Spread: Three-month Euribor plus 35 basis points
Managing banks: Goldman Sachs International, Societe General
Rating: Moody's Aa3, S&P A+, Fitch AA-
SVENSKA HANDELSBANKEN
Issue: Plans a 1 billion euro three-year senior bond, said an official at one of the banks managing the sale.
Spread guidance: Three-month Euribor plus 45 basis points area
Managing banks: Credit Suisse, Handelsbanken Capital Markets, HSBC and Societe Generale
Rating: Moody's Aa2, S&P AA-, Fitch AA-
BANQUE PSA FINANCE
Issue: The auto financing arm of Peugeot will price a 750 million euro three-year fixed rate bond, an official at one of the banks managing the sale said.
Spread guidance: Mid-swaps plus 170 basis points
Managing banks: Deutsche Bank, HSBC, Santander
Ratings: Moody's Baa1, S&P BBB
INTESA SANPAOLO
Issue: Plans dual-tranche euro-denominated benchmark bond, said an official at one of the banks managing the deal.
Spread guidance: Three-month Euribor plus 35 basis points area for two-year floating-rate notes and mid-swaps plus 65 basis points area for five-year fixed-rate bonds.
Managing banks: Banca IMI, BNP Paribas, Citigroup and HSBC
Ratings: Moody's Aa2, S&P AA-, Fitch AA-
NATIONAL EXPRESS GROUP PLC
Issue: Plans 350 million pounds of seven-year bonds, said IFR Markets, a Thomson Reuters online news and market analysis service.
Spread guidance: Gilts plus 280 basis points, at the tight end of initial guidance of plus 280 to 295 basis points.
Managing banks: Barclays, Commerzbank and Royal Bank of Scotland.
Ratings: Unrated, although implicit rating is triple-B, said the banker involved with the deal. IFR said the coupon steps up by 125 basis points if the company does not obtain two investment-grade ratings by the first coupon date.
BARCLAYS
Issue: Plans five-year euro-denominated benchmark regulated covered bond, said an offical at Barclays Capital, adding that books exceeded 2 billion euros.
Spread guidance: Mid-swaps plus 45 basis points.
Managing banks: Barclays Capital, Commerzbank, Danske Bank, ING, La Caixa and Natixis
Rating: Expected to be rated triple-A by all three agencies.
DEXIA CREDIT LOCAL
Issue: Plans 1.25 billion pounds of three-year, government-backed floating-rate notes, said IFR.
Spread guidance: Three-month Libor plus 30 basis points versus initial guidance of plus 30 basis points area.
Managing banks: HSBC, Royal Bank of Canada, Royal Bank of Scotland.
NORDEA
Issue: Has opened books on a euro seven-year covered bond, said IFR.
Spread guidance: Mid-swaps plus 39 basis points versus initial guidance of 40 basis points area.
Managing banks: Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank, Nordea, SG CIB.
BANCO BPI
Issue: Plans a 1 billion euro, five-year Portuguese covered bond, said an official at one of the banks managing the sale.
Spread guidance: Mid-swaps plus 62 basis points versus initial guidance of plus 65 basis points area.
Managing banks: Barclays, DZ Bank, JP Morgan, La Caixa and UniCredit.
BANKINTER
Issue: Three-year euro senior floating-rate note, said an official at one of the banks managing the sale.
Spread guidance: Three-month Euribor plus 95 basis points area.
Managing banks: Deutsche Bank, HSBC, JP Morgan, Natixis and Bankinter.
Ratings: Moody's A1, S&P A
CM-CIC COVERED BONDS
Issue: The French credit institution, a subsidiary of the BFCM Group, plans a five-year 1.5 billion euro covered bond, IFR reported.
Spread guidance: Mid-swaps plus 38 basis points, versus initial guidance of 40 basis points area.
Managing Banks: Barclays, BNP Paribas and Deutsche Bank.
Rating: The deal is expected to be rated triple-A by all three agencies, IFR said.
BPCE
Issue: Order book is closed at 2 billion euros for the two-year floating-rate note, due July 2012. The deal will be sized at 1.5 billion, said an official at one of the banks managing the sale.
Guidance: Three-month Euribor plus 50 basis points area.
Managing banks: Deutsche Bank and Natixis.
Ratings: Moody's Aa3, S&P A+, Fitch A+
(London Corporate Finance: +44 207 542 8389)
Keywords: BOND ISSUES/
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
BANCO ESPANOL DE CREDITO (BANESTO)
Mandate: Expected to launch and price a three year floating rate note on Friday, an offical at one of the banks managing the sale said.
Managing banks: Banesto, Barclays Capital, Citi and SG.
Rating: S&P AA, Fitch AA
BANQUE FEDERATIVE DU CREDIT MUTUEL
Issue: A 850 million euros increase to an outstanding floating rate note, due Dec 2011. Combined size is now 2.35 billion euros
Spread: Three-month Euribor plus 35 basis points
Managing banks: Goldman Sachs International, Societe General
Rating: Moody's Aa3, S&P A+, Fitch AA-
SVENSKA HANDELSBANKEN
Issue: Plans a 1 billion euro three-year senior bond, said an official at one of the banks managing the sale.
Spread guidance: Three-month Euribor plus 45 basis points area
Managing banks: Credit Suisse, Handelsbanken Capital Markets, HSBC and Societe Generale
Rating: Moody's Aa2, S&P AA-, Fitch AA-
BANQUE PSA FINANCE
Issue: The auto financing arm of Peugeot will price a 750 million euro three-year fixed rate bond, an official at one of the banks managing the sale said.
Spread guidance: Mid-swaps plus 170 basis points
Managing banks: Deutsche Bank, HSBC, Santander
Ratings: Moody's Baa1, S&P BBB
INTESA SANPAOLO
Issue: Plans dual-tranche euro-denominated benchmark bond, said an official at one of the banks managing the deal.
Spread guidance: Three-month Euribor plus 35 basis points area for two-year floating-rate notes and mid-swaps plus 65 basis points area for five-year fixed-rate bonds.
Managing banks: Banca IMI, BNP Paribas, Citigroup and HSBC
Ratings: Moody's Aa2, S&P AA-, Fitch AA-
NATIONAL EXPRESS GROUP PLC
Issue: Plans 350 million pounds of seven-year bonds, said IFR Markets, a Thomson Reuters online news and market analysis service.
Spread guidance: Gilts plus 280 basis points, at the tight end of initial guidance of plus 280 to 295 basis points.
Managing banks: Barclays, Commerzbank and Royal Bank of Scotland.
Ratings: Unrated, although implicit rating is triple-B, said the banker involved with the deal. IFR said the coupon steps up by 125 basis points if the company does not obtain two investment-grade ratings by the first coupon date.
BARCLAYS
Issue: Plans five-year euro-denominated benchmark regulated covered bond, said an offical at Barclays Capital, adding that books exceeded 2 billion euros.
Spread guidance: Mid-swaps plus 45 basis points.
Managing banks: Barclays Capital, Commerzbank, Danske Bank, ING, La Caixa and Natixis
Rating: Expected to be rated triple-A by all three agencies.
DEXIA CREDIT LOCAL
Issue: Plans 1.25 billion pounds of three-year, government-backed floating-rate notes, said IFR.
Spread guidance: Three-month Libor plus 30 basis points versus initial guidance of plus 30 basis points area.
Managing banks: HSBC, Royal Bank of Canada, Royal Bank of Scotland.
NORDEA
Issue: Has opened books on a euro seven-year covered bond, said IFR.
Spread guidance: Mid-swaps plus 39 basis points versus initial guidance of 40 basis points area.
Managing banks: Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank, Nordea, SG CIB.
BANCO BPI
Issue: Plans a 1 billion euro, five-year Portuguese covered bond, said an official at one of the banks managing the sale.
Spread guidance: Mid-swaps plus 62 basis points versus initial guidance of plus 65 basis points area.
Managing banks: Barclays, DZ Bank, JP Morgan, La Caixa and UniCredit.
BANKINTER
Issue: Three-year euro senior floating-rate note, said an official at one of the banks managing the sale.
Spread guidance: Three-month Euribor plus 95 basis points area.
Managing banks: Deutsche Bank, HSBC, JP Morgan, Natixis and Bankinter.
Ratings: Moody's A1, S&P A
CM-CIC COVERED BONDS
Issue: The French credit institution, a subsidiary of the BFCM Group, plans a five-year 1.5 billion euro covered bond, IFR reported.
Spread guidance: Mid-swaps plus 38 basis points, versus initial guidance of 40 basis points area.
Managing Banks: Barclays, BNP Paribas and Deutsche Bank.
Rating: The deal is expected to be rated triple-A by all three agencies, IFR said.
BPCE
Issue: Order book is closed at 2 billion euros for the two-year floating-rate note, due July 2012. The deal will be sized at 1.5 billion, said an official at one of the banks managing the sale.
Guidance: Three-month Euribor plus 50 basis points area.
Managing banks: Deutsche Bank and Natixis.
Ratings: Moody's Aa3, S&P A+, Fitch A+
(London Corporate Finance: +44 207 542 8389)
Keywords: BOND ISSUES/
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
