EURO BONDS-Fiat, FCE Bank, Investor AB, ANZ, Smurfit Kappa

Tue Nov 10, 2009 8:20am EST
 
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LONDON, Nov 10 (Reuters) - News, details on corporate bond issues in the European markets on Tuesday:

FIAT (FIA.MI)

Issue: Fiat Finance and Trade offers 1.5 billion euro bond to mature in February 2015, guaranteed by Fiat SpA, said officials at banks managing the sale. Books closed at more than 7.5 billion euros.

Yield guidance: 6.9 percent, at tight end of initial range of 6.9-7.1 percent.

Managing banks: Banca IMI, Calyon, UBS and UniCredit

Ratings: Moody's Ba1, S&P BB+, Fitch BB+

FCE BANK PLC

Issue: the European lending arm of Ford Motor Co (F.N) plans a 500 million euro bond maturing in January 2014, with pricing expected later on Tuesday, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Price talk: yield of around 9.5 percent, according to IFR.

Managing banks: Barclays, BNP Paribas, HSBC and Royal Bank of Scotland

Ratings: Moody's B3, S&P B

INVESTOR AB (INVEb.ST)

Issue: plans 500 million euro, 12-year bond, with pricing expected later on Tuesday, as reported by IFR.

Guidance: mid-swaps plus 135 basis points area  Continued...

 

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