EURO BONDS-Smurfit Kappa, Sabadell, Gulf International Bank
LONDON, Nov 11 (Reuters) - News, details on corporate bond issues in the European markets on Wednesday:
SMURFIT KAPPA ACQUISITIONS (SKG.I)
Issue: size increased from 500 million euros to as much as 1 billion euros ($1.5 billion) in two tranches of eight and 10 years, an official at one of the banks managing the sale said. The 10-year tranche was added after investor enquiry. Proceeds to repay a secured bank credit facility. Books to close on Thursday at 1000 GMT.
Yield guidance: 7.5 to 7.75 percent for eight-year tranche, 8 percent area for 10-year
Managing banks: Deutsche Bank, Citi, Credit Suisse, JP Morgan
Ratings: Moody's Ba2, Fitch BB+
BANCO SABADELL (SABE.MC)
Issue: benchmark euro floating-rate note due February 2012, books likely to open on Thursday, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: Banco Sabadell, Credit Suisse, Deutsche Bank, Calyon and HSBC.
Rating: Moody's A2, S&P A, Fitch A+
GULF INTERNATIONAL BANK [GLFBK.UL]
Roadshow: Meeting fixed income investors in the Middle East, Asia and Europe, starting in Dubaid/Abu Dhabi on November 16, ending Nov 23 in London, an official at one of the banks involved said. Managing banks: Barclays Capital, GIB Financial Services, HSBC, UBS
Ratings: Moody's A3, S&P BBB+, Fitch A
(London Corporate Finance: +44 207 542 8389) ($1=.6674 Euro)
