EURO BONDS-NIBC, Vestas, ING, BFCM, Abu Dhabi Bank, Aareal
LONDON, March 15 |
LONDON, March 15 (Reuters) - News, details on corporate bond issues in the European markets on Monday:
NIBC [NIBCAP.UL]
Issue: the Dutch bank has opened order books on its 713 million euro sale of prime residential mortgage-backed securities through the issuance vehicle Dutch MBS XV, an official involved in the sale said.
Two triple- A rated tranches are on offer: a 182.1 million euro 2-year at 1-month Euribor plus 110/115 basis points and a 530.6 million 5-year at 1-month Euribor plus 145 bps area.
Managing banks: Calyon Credit Suisse, NIBC
VESTAS (VWS.CO)
Issue: The world's biggest maker of wind turbines said it plans to issue five-year euro bonds. [ID:nLDE62E0FV] The deal will be the Danish company's debut bond sale and follows a roadshow, but no date has yet been set for a launch, said an official at one of the banks managing the sale.
Managing banks: Nordea, Rabobank, Societe Generale and UniCredit
Ratings: Unrated
COMMONWEALTH BANK OF AUSTRALIA (CBA.AX)
Mandate: The Australian bank plans a senior unsecured multi-tranche benchmark dollar bond. [ID:nSGE62E02U]
Managing banks: Citi, Commonwealth Bank, Goldman Sachs and HSBC.
Ratings: Moody's Aa1, S&P AA, Fitch AA.
ING (ING.AS)
Mandate: The Dutch bank plans a benchmark euro covered bond, an official at one of the banks managing the sale said. The bond will be launched in the near future subject to market conditions.
Managing banks: BNP Paribas, DZ Bank, Unicredit and ING itself.
BANQUE FEDERATIVE DU CREDIT MUTUEL
Issue: The French mutual bank plans to issue a senior unsecured euro denominated 3-year benchmark floating rate note on Monday, an official at one of the banks managing the sale said.
Guidance: Three-month Euribor plus 50 to 55 basis points, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: Credit Suisse, HSBC
Rating: Moodys' Aa3, S&P A+, Fitch AA-
NATIONAL BANK OF ABU DHABI NBAD.AD
Issue: An executive at the United Arab Emirate's second-biggest bank by assets said it planned to tap bond markets to raise $500 million to $1 bilion and roadshows were underway. [ID:nLDE62D0B3]
Managing banks: Bank of America Merrill Lynch, HSBC, Royal Bank of Scotland, Barclays and National Bank of Abu Dhabi
Ratings: S&P A+, Fitch AA-
AAREAL BANK (ARLG.DE)
Mandate: The German property lender plans a four-year euro senior benchmark bond, as reported by IFR.
Managing banks: BayernLB, Commerzbank, Deutsche Bank and DZ Bank
Ratings: Fitch A-
RALLYE SA (GENC.PA)
Issue: The French retailer plans a 500 million euro four-year bond, with 6 percent coupon, IFR reported, adding that books have reached over 3 billion euros and pricing was expected later in the day.
Managing banks: BNP Paribas, Credit AGricole, Deutsche Bank, Natixis and Royal Bank of Scotland
Ratings: Unrated
CREDIT AGRICOLE (CAGR.PA)
Mandate: The French bank plans a 7-year euro-denominated covered bond, which is expected to be launched in the near future subject to market conditions, IFR reported.
Managing banks: Barclays, Credit Agricole, NordLB and Societe Generale.
LF HYPOTEK
Mandate: The Scandiavian lender plans a Swedish covered bond benchmark originally mandated on Feb 24, IFR reported. [NEW/EUB]
Managing banks: Credit Suisse, Danske, Deutsche Bank and Royal Bank of Scotland.
SWEDBANK (SWEDa.ST)
Issue: The bank is doing a 7-year Swedish benchmark covered bond, IFR reported.
Guidance: Mid-swaps plus 60 basis points area.
Managing banks: Barclays, BNP Paribas, Swedbank and Unicredit.
ROYAL BANK OF SCOTLAND (RBS.L)
Mandate: The British bank plans a 10-year euro benchmark bond, IFR reported.
Managing banks: RBS self-led
Ratings: Aa3, A+, AA-
TELSTRA CORP (TLS.AX)
Issue: The Australian phone company plans a 10-year euro benchmark bond, which is expected to launch today, IFR reported. The bond follows a European roadshow this month. [ID:nSGE62300W]
Guidance: mid-swaps plus 105 basis points area.
Managing banks: BNP Paribas, Deutsche Bank and JP Morgan.
Ratings: Moody's A2, S&P A, Fitch A
(London Corporate Finance: +44 207 542 8389)
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