Finance & Stock Market News

LONDON, Jan 7 (Reuters) - News, details on corporate bond issues in the European markets on Thursday:



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 three-year euro senior benchmark 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/



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