La Poste sets 7-yr bond at 500 mln euros -IFR

LONDON | Tue Feb 3, 2009 6:18am EST

LONDON Feb 3 (Reuters) - Belgian national postal service La Poste [LAPST.UL] has set the size of a planned seven-year bond at 500 million euros ($643 million), IFR reported on Tuesday.

Guidance has been tightened to mid-swaps plus 140 basis points from an initial 150 basis points area, said IFR Markets, a Thomson Reuters online news and market analysis service.

The bond had attracted about 2.5 billion euros of investor demand, IFR said, citing sources.

Natixis, Royal Bank of Scotland and SG CIB are joint lead managers on the deal, an official at one of the lead banks said.

La Poste is rated A+ by Standard & Poor's and AA by Fitch Ratings.

(Reporting by Jane Baird)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.