EURO BONDS-Nationwide RMBS, Beverage Packaging, Bancaja

LONDON | Tue Oct 20, 2009 12:42pm EDT

LONDON Oct 20 (Reuters) - News, details on bond issues in the European markets on Tuesday:

NATIONWIDE BUILDING SOCIETY

Issue: Roadshow ends on Wednesday for the first public deal out of the RMBS Silverstone MasterTrust.

Guidance: Whispered at mid-swaps plus 150 basis points area, sources close to the deal said.

Timing: Pricing expected later this week

Managing bank: JP Morgan, BarCap, Citi

BEVERAGE PACKAGING HOLDINGS

Issue: plans for seven-year secured bonds in two parts -- $1.1 billion and 450 million euros. Bonds non-callable for three years and secured by first priority on mortgages, as reported by Thomson Reuters LPC

Timing: pricing likely early next week following a roadshow, said a source familiar with the deal

Managing bank: Credit Suisse

Rating: Moody's B1, S&P B+

BANCAJA [BANCJ.UL]

Issue: plans five-year government-guaranteed bond, size around 1.5 billion euros ($2.25 billion), as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Guidance: mid-swaps plus 35 to 40 basis points

Managing banks: Barclays, Calyon, Deutsche Bank, DZ Bank, JP Morgan and Bancaja

CONTINENTAL AG (CONG.DE)

Plans: considering an issue of high-yield or convertible bonds, along with a capital increase in early 2010, company sources told Reuters. [ID:nLJ55082]

Rating: Moody's B1, S&P B+, Fitch B+

CAMPOFRIO FOOD GROUP (CPF.MC)

Issue: 500 million euros of senior bonds due 2016, according to Moody's Investors Service.

Managing banks: Deutsche Bank and Royal Bank of Scotland

Rating: Moody's B1, S&P B

EUROFIMA [EURF.UL] - PRICED

Issue: 500 million euro 12-year Eurobond, as reported by IFR.

Guidance: mid-swaps plus around 35 basis points, according to sources cited by IFR.

Managing banks: JP Morgan and UBS

Rating: Moody's Aaa, S&P AAA

SNS BANK (SR.AS)

Issue: debut Dutch covered bond will have a six-year tenor, as reported by IFR.

Guidance: mid-swaps plus around 60 basis points

Managing banks: Barclays, LBBW and Royal Bank of Scotland

KOMMUNALBANKEN [KOMBK.UL]

Issue: $1 billion five-year bond, as reported by IFR.

Final guidance: mid-swaps plus 25 basis points, refined from initial plus 25 to 30 basis points

Managing banks: Bank of America-Merrill Lynch, JP Morgan, Morgan Stanley and Royal Bank of Scotland

Rating: Moody's Aaa, S&P AAA

(London Corporate Finance: +44 207 542 8389) ($1=.6678 Euro)

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