LONDON, Jan 4 (IFR) - ING 7yr Dutch covered bond will be EUR1.25bn at mid-swaps +60, in line with +60 area guidance. Books closed just shy of EUR1.5bn. Pricing later today.
UPDATE: EIB Books USD4bn, Pricing Today
LONDON, Jan 4 (IFR) - Books for the EIB 5yr global benchmark are around USD4bn and will go subject at 3pm London. Pricing later this PM at mid-swaps +15, expected USD3bn, via Barclays, Goldman and JP Morgan.
UPDATE: BNG Books USD1bn; Pricing Today
LONDON, Jan 4 (IFR) - Books for the BNG 5yr RegS/144a are at USD1bn, and will close at 3.30pm London time for pricing later today. Guidance remains MS+42a. Leads Citi, Credit Suisse, Goldman and HSBC.
UK's Priory Seen Among Early '11 High-Yield Bonds
LONDON, Jan 4 (IFR) - Buyout firm Advent International is nearing a deal to purchase UK healthcare group the Priory from the Royal Bank of Scotland, which is expected to be funded in the high-yield bond market possibly as soon as this month, sources familiar with the matter said on Tuesday.
Credit Suisse, Deutsche Bank and RBS are expected to be the lead bookrunners.
MANDATE: BayernLB Names DB for CHF100m+ 2yr Oepfa FRN
LONDON, Jan 4 (IFR) - Bayerische Landesbank has mandated Deutsche Bank as sole lead for a Aaa/NR/AAA rated Oeffentliche Pfandbrief Swiss Franc deal, to be priced as soon as later today with a 3m LIBOR plus 8bp coupon. A size of CHF100m or larger is envisaged. 25 January 2013 maturity, 36 Jan pay, public floater format, US/UK/EEA/Japan/France sales restriction.s, EMTN docs, German law, SIX listing.
UPDATE: BBVA Books EUR1.25bn, 50 Accounts
LONDON, Jan 4 (IFR) - Orders for BBVA's benchmark 3yr CH are over EUR1.25bn from some 50 accounts. Guidance earlier this AM was MS+225a. Pricing later via BBVA, Credit Agricole, HSBC, Natixis and UBS.
MANDATE: Unicredit Names Leads for 2yr EUR1bn Oepfa
LONDON, Jan 4 (IFR) - UniCredit Bank AG has mandated Commerzbank, Natixis, Nord LB, RBS and UniCredit to lead manage its upcoming Eur 1 bn Public Sector Pfandbrief transaction with a 2 year maturity. The deal will be rated Aaa/AAA/AAA and will be launched in the near future, subject to market conditions.
UPDATE: CFF Covered To Be A 5yr; Taking IoIs Now
LONDON, Jan 4 (IFR) - CFF's euro OF benchmark will be a Jan 2016 5yr. Leads Commerzbank, Deutsche, HSBC and Natixis are taking IoIs today. Guidance tbc.
UPDATE: VW 4.5yr Tightened to MS+60-65bp
LONDON, Jan 4 (IFR) - Guidance for the VW Leasing 4.5-year benchmark euro have been refined to mid swaps plus 60-65bp from the initial plus 65bp area talk, and will price within the range later today after books close by 1200 GMT. Barclays, BLB, BNPP and Santander are leads on the A3/A- rated deal.
UPDATE: EU Dec 2015 Expected Tomorrow
LONDON, Jan 4 (IFR) - The European Union 5yr euro benchmark mandated last month will mature 04 Dec 2015, and is expected to launch and price tomorrow. Leads Barclays, BNPP, Deutsche and HSBC.
UPDATE: BNPP 10yr TBP MS+65; Books EUR1.5bn+
LONDON, Jan 4 (IFR) - Books for the BNPP 10yr covered are over EUR1.5bn, and will close no later than 11.15 London time. Reoffer has been set at mid-swaps +65, in line with +65 area talk. Size still tbd. Pricing later today.
PREVIEW: Volkswagen Price Whisper Indicates 6bp NI Premium
LONDON, Jan 4 (IFR) - Volkswagen Leasing GmbH, rated A3/A-, is poised to open the primary investment grade corporate market this year with a long four-year deal (July 2015). Joint-leads Barclays, BayernLB, BNP Paribas and Santander have opened the books and the initial price whisper was heard to be in the mid-swaps plus 65bp area.
GUIDANCE: BBVA 3yr CH MS+225bp Area
LONDON, Jan 4 (IFR) - Books are open for the BBVA 3yr CH at mid swaps plus 225bp area, and leads BBVA/CA-CIB/HSBC/Natixis/UBS should price the Aaa rated trade as soon as later today.
MANDATE: CFF Names Leads for Covered
LONDON, Jan 4 (IFR) - Compagnie de Financement Foncier has mandated Commerzbank, Deutsche Bank, HSBC, Natixis to act as joint bookrunners for a Euro-denominated benchmark size covered bond transaction. Rated Aaa/AAA/AAA (Moody's, S&P,Fitch). The deal will be launched in the near future, subject to market conditions.
UPDATE: ING Books Open At MS+60a
LONDON, 4 Jan (IFR) - Books for the ING 7yr Dutch euro covered bond benchmark are now open at mid-swaps +60 area. Pricing expected later today via Barclays, ING, Natixis and Unicredit.
MANDATE: VW Leasing Names Leads for 4.5yr EUR
LONDON, Jan 4 (IFR) - Volkswagen Leasing GmbH, guaranteed by Volkswagen Financial Services Ag and rated A3/A- (st/neg), has mandated Barclays, BayernLB, BNPP and Santander to lead manage a benchmark 4.5-year 13 July 0215 deal, to be priced as soon as later today. Whisper mid swaps plus 65bp area. 50k denoms, Lux listing.
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