EURO BONDS-Telefonica, Nationwide RMBS

Mon Oct 26, 2009 4:22am EDT
 
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LONDON, Oct 26 (Reuters) - News, details on bond issues in the European markets on Monday:

TELEFONICA (TEF.MC)

Issue: plans 10-year euro benchmark bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: BNP Paribas, Calyon, Credit Suisse and Royal Bank of Scotland

Ratings: Moody's Baa1, S&P A-, Fitch A-

NATIONWIDE BUILDING SOCIETY (POB_p.L)

Issue: Expected pricing date has been delayed to Tuesday from Thursday initially for first public RMBS from Silverstone Master Trust, said sources close to the deal.

Total size expected at 3.5 billion pounds ($5.83 billion), including two five-year floating-rate notes at 1.25 billion sterling and 1.5 billion sterling and a fixed-rate seven tranche of 300 million pounds, other sources with knowledge of the deal said.

Spread guidance: three-month Libor for 1.5 bln FRN and mid-swaps plus 150 basis points area for seven-year.

Managing banks: JP Morgan, Barclays Capital and Citi

(London Corporate Finance: +44 207 542 8389)

 

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