August 31, 2010 / 10:00 AM / in 7 years

EURO BONDS-Scottish & Southern, Volkswagen, BAA, Unicredit, BPE

LONDON, Aug 31 (Reuters) - News, details on corporate bond issues in the European markets on Tuesday:


Roadshow: The British utility plans a hybrid bond issue, following a European roadshow starting on Sept. 1, an official with one of the banks managing the sale said. [ID:nWLA1852]

Roadshow kickstarts in London Sept 1-3, Amsterdam Sept 3, Edinburgh Sept 6, Zurich and Frankfurt Sept 7.

Managing banks: Barclays Capital, BNP Paribas, Credit Suisse and Royal Bank of Scotland. Barclays and RBS are structuring advisors.

Ratings: Moody’s A3, S&P A-


Mandate: The auto leasing division of the German car manufacturer plans to launch and price a 475 million euro asset backed securitization known as VCL 12 in the week of Sept. 6 following a pan European starting on Wednesday, an official involved with the sale said.

Managing banks: Commerzbank, HSBC.


Mandate: The UK airport operator plans a potential sterling bond, an official with one of the banks managing the issue said.

This will be launched off the company’s 50 billion pound multi-currency debt issuance programme in the near future subject to market conditions.

Managing banks: BNP Paribas, HSBC, Royal Bank of Canada and Royal Bank of Scotland, BBVA, Citi, Caja Madrid, Calyon and Santander


Mandate: The Italian bank has hired banks for a five year covered bond, sources close to the borrower said [ID:nWEA6017]

    Guidance: Mid-swaps plus 100 basis points area.

    Managing banks: BNP Paribas, Danske Bank, HSBC, ING, Royal Bank of Scotland and Unicredit, according to IFR Markets, a Thomson Reuters on online news and market analysis service.


    Issue: The Spanish bank is selling a 3-year euro covered bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

    Guidance: Price talk of mid-swaps plus 215 basis points area.

    Managing banks: Credit Agricole, Deutsche Bank and Morgan Stanley.


    Roadshow: The telecoms company is to hold a series of investor meetings across Europe, as reported by IFR Markets.

    Managing banks: BNP Paribas, Citi, HSBC and JP Morgan.

    London Corporate Finance: +44 207 542 8389

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