EURO BONDS-Nationwide, A2A, Achmea Hypotheekbank, UCB

Tue Oct 27, 2009 7:59am EDT
 
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LONDON, Oct 27 (Reuters) - News, details on bond issues in the European markets on Tuesday:

NATIONWIDE BUILDING SOCIETY RMBS POB_q.L

Issue: launches 3.5 billion pound ($5.75 billion) securitisation in three tranches: A1 at 1.25 billion, A2 at 1.6 billion and A3 at 650 million, said an official at one of the banks managing the deal. [ID:nLR412090]

Spread: three-month Libor plus 145 basis points for the floating-rate A2 tranche, mid-swaps plus 145 basis points for the fixed-rate A3 tranche.

Managing banks: JP Morgan, Barclays Capital and Citigroup

A2A (A2.MI)

Issue: 1 billion euros ($1.5 billion), seven-year bond, said a lead manager for the issue [ID:nMAT011826]

Guidance: mid-swaps plus 145 basis points, refined from 150 basis points area, said an official at one of the banks managing the sale

Managing banks: Banca IMI, BBVA, BNP Paribas, Calyon and Mediobanca

Rating: Moody's A3, S&P BBB+

ACHMEA HYPOTHEEKBANK - PRICED

Issue: places $3.25 billion in five-year notes, guaranteed by the Dutch state and sold in two tranches: $500 million floating-rate and $2.75 billion fixed-rate, the company said.

Price: three-month dollar Libor plus 35 basis points for the floating-rate tranche and 3.2 percent, or 35 basis ponts over mid-swaps, for the fixed-rate, down from initial talk of plus 37.5 basis points.  Continued...

 

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