Nigeria's GT Bank plans $500mln 5-yr bond-sources

LONDON May 12 (Reuters) - Nigeria's Guaranty Trust Bank (GUARANT.LG) is planning to launch a $500 million five-year bond, with price talk at a yield of 7.75 percent, banking sources said on Thursday.

Lead managers are JPMorgan and Morgan Stanley, sources added.

GT issued a $350 million bond in 2007 which matures in Jan 2012. The bond has a coupon of 8.5 percent and is yielding 4.8 percent. NL028475063=

Nigeria issued a $500 million debut Eurobond earlier this year. The 10-year bond is yielding 6.1 percent. 65412AAA0=

(Reporting by Chijioke Ohuocha, Sujata Rao and Carolyn Cohn)