EURO BONDS-Akzo Nobel, Lottomatica, BPCE, Stagecoach, M&S

LONDON | Wed Nov 25, 2009 8:44am EST

LONDON Nov 25 (Reuters) - News, details on corporate bond issues in the European markets on Wednesday:

MARKS & SPENCER (MKS.L)

Issue: The UK retailer plans a 10-year senior unsecured 400 million pound ($669 million) bond, said IFR, a Thomson Reuters online news and market analysis service.

Guidance: gilts plus 245 basis points refined from gilts plus 250-260 basis points.

Managing banks: Citigroup, HSBC, Morgan Stanley, RBS

Ratings: S&P BBB-

RCI BANQUE

Issue: The financier of French car company Renault (RENA.PA), RCI Banque, plans a 19-month fixed rate euro benchmark bond, said IFR.

Managing banks: Citi, Commerzbank, SocGen

AKZO NOBEL (AKZO.AS)

Tender: The Dutch chemical group has offered to buy back 750 million euros ($1.12 billion) of debt due in 2011 as part of plans to extend its debt maturity profile, which may include a new bond issue. [ID:nGEE5AO0AQ]

Managing banks: Citigroup, Deutsche Bank, RBS

Ratings: S&P BBB+, Moody's Baa1, Fitch BBB+

WALES & WEST UTILITIES [MGNTSW.UL]

Issue: Books for the planned 200 million pound ($330.8 million) 7-year senior secured bond from the utility company have opened at gilts plus 215 basis points area, said IFR.

Managing banks: Barclays, Commerzbank, RBS

Rating: Moody's Baa1

AGROKOR [AGROK.UL]

Issue: The Croatian food and retail conglomerate is on the road until the end of the week for its planned 400 million euro 7-year senior unsecured bond.

Managing banks: BNP Paribas, UniCredit

Rating: Moody's B2

STAGECOACH GROUP (SGC.L)

Roadshow: The UK transport group is planning a roadshow to update UK-based bond investors ahead of its half-year results on Dec. 9. These will be in London on Nov. 27 and Dec. 1, and in Scotland on Nov. 30.

Managing banks: Barclays, HSBC, Lloyds

INTERCONTINENTAL HOTELS GROUP (IHG.L)

Roadshow: The hotel chain is planning a roadshow for bond investors and is considering a new issue, subject to market conditions. Meetings will be in London on Nov. 30 and Dec. 1 and in Scotland on Dec. 2.

Managing banks: Barclays Capital, HSBC, RBS

LOTTOMATICA (LTO.MI)

Issue: plans 7-year 750 million euro denominated bond, according to a banker involved in the sale. Books closed.

Spread: Refined to mid-swaps plus 235 basis points, from earlier 240-250 basis points.

Managing banks: Banca IMI, RBS, Calyon, HSBC

Ratings: Moody's Baa3, S&P BBB-

BPCE [BPCE.UL]

Issue: plans two-tranche 1.75 billion euro bond, split between a 1.25 euro billion 18-month floating-rate note and a 500 million euro 3-year fixed-rate bond, as reported by IFR Markets.

Guidance: For FRN is 3-month Euribor plus 40 basis points, refined from an initial plus 40 basis points area. For the 3-year bond guidance is mid-swaps plus 60 basis points, refined from 60-65 basis points.

Managing banks: Barclays Capital, Natixis

Ratings: Moody's Aa3, S&P A+, Fitch A+

(London Corporate Finance: +44 207 542 8389) ($1=.6045 Pound) ($1=.6708 Euro) ($1=.5979 Pound)

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