Casino plans Jan 2015 euro benchmark bond -IFR

LONDON, June 22 (Reuters) - French grocer Casino (CASP.PA) plans to issue a euro benchmark bond to mature in January 2015, IFR reported on Monday.

Barclays, BNP Paribas, Calyon, Deutsche Bank and Santander have been named to manage the transaction, which includes a provision for an increase in the coupon payment if the company's rating falls below investment grade, said IFR Markets, a Thomson Reuters online news and market analysis service.

Casino Guichard Perrachon is rated BBB- by Standard & Poor's and Fitch Ratings. (Reporting by Jane Baird; Editing by Jon Loades-Carter)