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EURO BONDS- Criteria Caixa, EBS, BAT, Intesa Sanpaolo
Thu, 12th Nov 2009 10:50
LONDON, Nov 12 (Reuters) - News, details on corporate bond issues in the European markets on Thursday:
CRITERIA CAIXA CORP
Issue: Order books open on a five year euro benchmark according to an official at one of the banks managing the sale.
Managing banks: Barclays Capital, Goldman Sachs, JP Morgan, La Caixa, Santander.
Ratings: S&P A
EBS MORTGAGE FINANCE
Issue: Three-year covered bond backed by prime Irish residential mortages. Issue size is capped at 1 billion euro, according to an official at one the banks managing the sale.
Spread OR Yield guidance: Mid-swaps plus 175 basis points area.
Managing banks: Credit Suisse, DZ Bank, JP Morgan, SG CIB
Ratings: Moody's Aaa, Fitch AA
BRITISH AMERICAN TOBACCO
Mandate: Plans to issue euro and sterling bonds as part of a liability management exercise, said a banker at one of the banks managing the sale. The tender closes 1500 GMT Thursday afternoon following a global investor conference call at 1000 GMT.
Managing banks: Barclays Capital, BNP Paribas, RBS and SG
Ratings: Moody's Baa1, S&P BBB+, Fitch BBB+
INTESA SANPAOLO
Mandate: plans seven year euro benchmark, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: Banca IMI, Morgan Stanley, UBS and SG CIG
Ratings: Moody's Aa2, S&P AA-, Fitch AA-
SMURFIT KAPPA ACQUISITIONS
Issue: size increased from 500 million euros to as much as 1 billion euros ($1.5 billion) in two tranches of eight and 10 years, an official at one of the banks managing the sale said. The 10-year tranche was added after investor enquiry. Proceeds to repay a secured bank credit facility. Books to close on Thursday at 1000 GMT.
Yield guidance: 7.5 to 7.75
percent for eight-year tranche, 8 percent area for 10-year
Managing banks: Deutsche Bank, Citi, Credit Suisse, JP Morgan
Ratings: Moody's Ba2, Fitch BB+
BANCO SABADELL
Issue: benchmark euro floating-rate note due February 2012, books likely to open on Thursday, according to IFR.
Spread guidance: three-month Euribor plus 90 basis points area.
Managing banks: Banco Sabadell, Credit Suisse, Deutsche Bank, Calyon and HSBC.
Rating: Moody's A2, S&P A, Fitch A+
(London Corporate Finance: +44 207 542 8389)
($1=.6674 Euro)
Keywords: BOND ISSUES/
COPYRIGHT
Copyright Thomson Reuters 2009. 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.
CRITERIA CAIXA CORP
Issue: Order books open on a five year euro benchmark according to an official at one of the banks managing the sale.
Managing banks: Barclays Capital, Goldman Sachs, JP Morgan, La Caixa, Santander.
Ratings: S&P A
EBS MORTGAGE FINANCE
Issue: Three-year covered bond backed by prime Irish residential mortages. Issue size is capped at 1 billion euro, according to an official at one the banks managing the sale.
Spread OR Yield guidance: Mid-swaps plus 175 basis points area.
Managing banks: Credit Suisse, DZ Bank, JP Morgan, SG CIB
Ratings: Moody's Aaa, Fitch AA
BRITISH AMERICAN TOBACCO
Mandate: Plans to issue euro and sterling bonds as part of a liability management exercise, said a banker at one of the banks managing the sale. The tender closes 1500 GMT Thursday afternoon following a global investor conference call at 1000 GMT.
Managing banks: Barclays Capital, BNP Paribas, RBS and SG
Ratings: Moody's Baa1, S&P BBB+, Fitch BBB+
INTESA SANPAOLO
Mandate: plans seven year euro benchmark, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: Banca IMI, Morgan Stanley, UBS and SG CIG
Ratings: Moody's Aa2, S&P AA-, Fitch AA-
SMURFIT KAPPA ACQUISITIONS
Issue: size increased from 500 million euros to as much as 1 billion euros ($1.5 billion) in two tranches of eight and 10 years, an official at one of the banks managing the sale said. The 10-year tranche was added after investor enquiry. Proceeds to repay a secured bank credit facility. Books to close on Thursday at 1000 GMT.
Yield guidance: 7.5 to 7.75
Managing banks: Deutsche Bank, Citi, Credit Suisse, JP Morgan
Ratings: Moody's Ba2, Fitch BB+
BANCO SABADELL
Issue: benchmark euro floating-rate note due February 2012, books likely to open on Thursday, according to IFR.
Spread guidance: three-month Euribor plus 90 basis points area.
Managing banks: Banco Sabadell, Credit Suisse, Deutsche Bank, Calyon and HSBC.
Rating: Moody's A2, S&P A, Fitch A+
(London Corporate Finance: +44 207 542 8389)
($1=.6674 Euro)
Keywords: BOND ISSUES/
COPYRIGHT
Copyright Thomson Reuters 2009. 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.
