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EURO BONDS-SNS Bank, SES

LONDON, March 1 | Mon Mar 1, 2010 5:52am EST

LONDON, March 1 (Reuters) - News, details on corporate bond issues in the European markets on Monday:

SNS BANK SR.AS

Mandate: The Dutch bank plans a benchmark Dutch covered bond issue, an official at one of the banks managing the sale said. The issue is expected to be launched in the near future subject ot market conditions.

Managing banks: Barclays, DZ Bank, Rabobank and Royal Bank of Scotland.

SES SESFg.LU

Issue: The world's second-largest satellite operator plans a 650 million euro ($883.2 million) 10-year bond, guaranteed by SES Global Americas Holdings, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Guidance: Mid-swaps plus 135-140 basis points.

Managing banks: Barclays, Bank of America Merrill Lynch, BNP Paribas, Commerzbank and Credit Suisse

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

(London Corporate Finance: +44 207 542 8389) ($1=.7359 Euro)

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