EURO BONDS-SAP, IPF, Rabo, Credit Suisse, Duesseldorfer Hypo
LONDON, July 28 |
LONDON, July 28 (Reuters) - News, details on corporate bond issues in the European markets on Wednesday:
SAP (SAPG.DE)
Mandate: The global software provider plans a euro bond offering in the near future, said an official involved with the sale.
Managing banks: Barclays Capital, Deutsche Bank
Rating: Unrated
INTERNATIONAL PERSONAL FINANCE (IPF.L)
Mandate: The Eastern Europe lender plans a minimum 200 million euro senior unsecured 5-year bond, the proceeds of which will be used to repay existing bank debt and/or lending to subsidiaries, an official with one of the banks managing the sale said.
The timing of the issue will be this week.
Price talk: 11 to 11.5 percent coupon, sources said.
Managing banks: Citi, HSBC
Rating: Fitch BB+
RABOBANK [RABN.UL]
Issue: has set the final terms of tap of its existing 1 billion euro 4.125 percent bond maturing in 2025. The bank will increase the size of the bond by 750 million euros, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Guidance: Mid-swaps plus 90 bps vs initial guidance of +90 bps area
Managing banks: BNP Paribas, Rabobank and UBS
Ratings: Moody's Triple-A, S&P Triple-A
CREDIT SUISSE (CSGN.VX)
Issue: The Swiss bank is selling a U.S. dollar-denominated Tier 1 perpetual bond, callable after 5-years, an official with the bank said. The bond has a regulatory call at par.
Managing bank: Credit Suisse.
DUESSELDORFER HYPO
Issue: The German bank plans a 1-year 800 million euro bond, guaranteed by the German Financial Market Stabilisation Fund (SoFFin), an official with one of the banks managing the sale said.
Managing banks: Commerzbank, Deutsche Bank, UniCredit
Ratings: Moody's AAA, S&P AAA
(London Corporate Finance: +44 207 542 8389)
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