EURO BONDS-Friesland RMBS, BBVA, Aegon, Stagecoach, Intesa

LONDON | Thu Dec 10, 2009 7:18am EST

LONDON Dec 10 (Reuters) - News, details on corporate bond issues in the European markets on Thursday:

FRIESLAND BANK FRIBK.UL

Issue: The Dutch bank plans an 800 million euro ($1.18 billion) bond backed by prime Dutch residential mortgages, according to Royal Bank of Scotland, which is managing the deal.

The sale of residential mortgage-backed securitisation (RMBS) will include one tranche of 560 million euros, rated triple-A. The rest will be retained.

The RMBS deal will be issued via the Eleven Cities vehicle.

BBVA SENIOR FINANCE (BBVA.MC)

Issue: The Spanish bank plans a senior unsecured two-year euro benchmark floating-rate note, an official at one of the banks managing the sale said. Pricing is expected later on Thursday.

Guidance: three-month Euribor plus 30 basis points area.

Managing banks: BBVA, Goldman Sachs.

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

AEGON (AEGN.AS) NV

Issue: The Netherlands-based insurer is planning a 400 million pound 30-year bond, said IFR Markets, a Thomson Reuters online news and market analysis service.

Guidance: gilts plus 235 basis points, refined from plus 240 to 250 basis points. Books closed, pricing expected later on Thursday.

Managing banks: Barclays Capital, Deutsche Bank, JP Morgan

Ratings: Moody's A3, S&P A-, Fitch A

STAGECOACH (SGC.L)

Issue: The UK transport company is issuing a 7-year 400 million sterling ($649.8 million) bond, IFR reported.

Guidance: gilts plus 255 basis points, refined from earlier 255 to 265 basis points, IFR said. Books closed at 1.5 billion pounds, pricing later on Thursday.

Managing banks: Barclays, HSBC, Lloyds.

INTESA SANPAOLO (ISP.MI)

Issue: Three-year 750 million euro floating rate note, sources close to the deal said.

Guidance: Three-month Euribor plus 46 basis points.

TELEKOM SLOVENIA (TLSG.LJ)

Issue: plans a 7-year 300 million euro bond, IFR reported.

Managing banks: BNP Paribas, Credit Suisse.

REXEL (RXL.PA)

Roadshow: The French electronics equipment is meeting investors until Friday morning for its 500 million senior unsecured 2016 bond, an official at one of the banks managing the sale said.

Managing banks: Calyon, Royal Bank of Scotland, Bank of Americal Merrill Lynch, HSBC and Natixis

Ratings: S&P B+, Fitch BB-

WIND ACQUISITION HOLDINGS FINANCE

Issue: plans to offer 500 million euros ($744 million) of senior bonds due 2017, guaranteed by WAHF, the parent entity of Italy-based telecommunications company Wind Telecomunicazioni S.p.A, and secured by a first ranking pledge on WAHF shares, the company said in a statement.

Interest will be payable in the form of additional notes through January 2014, and after that in cash. WAHF also can, but is not obliged to, make payments in cash before 2014.

The funds will be made available to WAFH's parent company, Weather Investments S.p.A. to repay early debt maturities and enhance the group's overall liquidity position, the statement said.

Yield guidance: 12.5 percent on the 7.5 year notes (callable after 3.5 years), according to IFR Markets, a Thomson Reuters online news and analysis service.

Managing banks: Morgan Stanley (co-ordinating), Citi, IMI, JP Morgan, Natixis, Calyon

Ratings: Moody's B2, S&P BB, Fitch B+ for Wind Acquisition Finance

(London Corporate Finance: +44 207 542 8389) ($1=.6156 Sterling) ($1=.6799 Euro)

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