EURO BONDS-Telefonica, Intesa Sanpaolo, Vivendi, Anglo American

LONDON | Tue Nov 24, 2009 9:38am EST

LONDON Nov 24 (Reuters) - News, details on corporate bond issues in the European markets on Tuesday:

TELEFONICA EMISIONES S.A.U. (TEF.MC)

Issue: plans a 650 million pound 13-year benchmark bond, guaranteed by Telefonica SA, reported IFR Markets, a Thomson Reuters online news and market analysis service.

Guidance: March 2020 4.75 percent UK Gilt plus 145 basis points, versus initial guidance of plus 150 basis points area.

Managing banks: HSBC and Lloyds

Rating: Moody's Baa1, S&P A-, Fitch A-

AGROKOR [AGROK.UL]

Issue: the Croatian food and retail conglomerate plans a 400 million euro seven-year senior unsecured bond, non-call for four years, IFR reported.

Managing banks: BNP Paribas and UniCredit

Rating: Moody's B2

INTESA SANPAOLO (ISP.MI)

Issue: plans a three-year senior benchmark bond, according to sources close to the operation.

Guidance: around 50 basis points over mid-swaps

Managing banks: Banca IMI, BNP Paribas, Credit Suisse and JP Morgan

Rating: Moody's Aa2, S&P AA-, Fitch AA-

AYT

Issue: 500 million euro 10-year covered bond for Spanish savings banks, said a banker familiar with the deal.

Guidance: mid-swaps plus 125 basis points

Managing banks: Spain's ACF, Goldman Sachs, Royal Bank of Scotland and SG CIB

Ratings: Moody's Aaa, S&P AAA, Fitch AAA

VIVENDI (VIV.PA)

Issue: plans 1 billion euro bond, divided into a 500 million euro seven-year tranche and a 500 million euro 10-year tranche, as reported by IFR. Europe's biggest entertainment group plans to use the proceeds for general corporate purposes.

Spread guidance: mid-swaps plus 125 basis points for the seven-year tranche, revised from an initial 130 basis points area. Mid-swaps plus 145 basis points for the 10-year, revised from plus 150 basis points area.

Managing banks: HSBC, Natixis, Royal Bank of Scotland and SG CIB

Ratings: Moody's Baa2, S&P BBB, Fitch BBB

ANGLO AMERICAN (AAL.L)

Issue: will sell 750 million euro 7-year bond, as reported by IFR.

Spread guidance: mid-swaps plus 137 basis points versus an initial 140 basis points area

Managing banks: Citi, HSBC, RBS, Santander

Ratings: Moody's Baa1, S&P BBB-

UNICREDIT INTERNATIONAL BANK (CRDI.MI)

Mandate: plans 750 million euro Tier 1 perpetual bond, [ID:QnWEA2577].

Yield guidance: 8.125 percent, revised from an initial 8.25 percent area

Managing banks: Deutsche Bank, SG CIB, UniCredit

VOLKSWAGEN INTERNATIONAL FINANCE NV (VOWG.DE)

Issue: plans 1.25 billion euro February 2015 benchmark bond guaranteed by Volkswagen AG, reports IFR Markets.

Guidance: mid-swaps plus 80 basis points, at the tight end of a range of plus 80-85 basis points.

Managing banks: BNP Paribas, Deutsche Bank, ING and LBBW

Rating for Volkswagen AG: Moody's A3, S&P A-, Fitch BBB+

SPAREBANK 1 BOLIGKREDITT [SPRBG.UL]

Issue: plans a 1 billion euro three-year covered bond, backed by prime Norwegian residential mortgages, as reported by IFR.

Guidance: mid-swaps plus 32 basis points, the tight end of market talk of plus 32-25 basis points, with orders over 1.7 billion euros

Managing banks: Citigroup, Commerzbank, SG CIB and UniCredit

Rating: Moody's Aaa, Fitch AAA

BANCO COMERCIAL PORTUGUES (BCP.LS)

Issue: plans euro February 2013 senior benchmark floating-rate note, as reported by IFR.

Guidance: three-month Euribor plus 97-100 basis points

Managing banks: Barclays Capital, JP Morgan, Millennium BCP and UniCredit (HVB)

Rating: Moody's A1, S&P A-, Fitch A+

NIBC BANK [NIBCAP.UL]

Issue: the Dutch merchant bank plans a dollar-denominated five-year bond backed by a government guarantee, as reported by IFR.

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

(London Corporate Finance: +44 207 542 8389)

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