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EURO BONDS-Virgin Media, Landesbank Berlin, DEXMA, OP Mortgage

Tue Nov 3, 2009 1:05pm EST

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LONDON, Nov 3 (Reuters) - News, details on corporate bond issues in the European market on Tuesday:

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VIRGIN MEDIA (VMED.O)

Issue: The British entertainment company plans a 500 million pound ($818 million) equivalent 10-year bond issue, an official at one of the banks managing the sale said.

Managing banks: BNP Paribas, Deutsche Bank, Calyon, Goldman Sachs, HSBC, JP Morgan and Royal Bank of Scotland

Coupon guidance: 8.75% area on dollar tranche, 9.25% area on sterling piece. Books to close on Wednesday, pricing expected in the afternoon.

Ratings: Moody's B2, S&P B

LANDESBANK BERLIN (BEBG.DE)

Issue: Lower Tier 2 euro bond issue, expected as a 10-year bullet, after roadshows next week in Frankfurt, Munich, Zurich and the Netherland, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: BNP Paribas, Deutsche Bank and HSBC

DEXMA (DEXI.BR)

Issue: Dexia Municipal Agency (DEXMA), an arm of Dexia Group, plans a 750 million euro tap of its 3.5 percent September 2016 covered bond, IFR reported.

Managing banks: Credit Suisse, Dexia, LBBW and Natixis.

Guidance: Mid-swaps plus 38 basis points, refined from initial guidance of around 40 basis points.

OP MORTGAGE BANK (POH1S.HE)

Issue: The subsidiary of Finland's OP-Pohjola Group plans a roadshow in Europe for ahead of a covered euro bond issue, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: Calyon, Credit Suisse, Deutsche Bank and Pohjola.

IBERCAJA

Issue: The Spanish regional savings bank plans a debut covered euro bond, as reported by IFR Markets.

Managing banks: BBVA, LBBW and Natixis.

BANKINTER (BKT.MC)

Issue: The Spanish bank plans a 5-year benchmark euro covered bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: Barclays, Calyon, Deutsche Bank, Goldman Sach and Bankinter itself.

Guidance: mid-swaps plus around 60 basis points

(London Corporate Finance: +44 207 542 8389) ($1 = 0.6115 pound)
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