LONDON, April 23 (Reuters) - British engine maker Rolls-Royce Group RR.L plans to issue a 10-year sterling benchmark bond, IFR reported on Thursday.
Initial price guidance has been set at gilts plus 330 to 350 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.
Barclays, BNP Paribas and JP Morgan have been named to manage the deal, IFR said.
Rolls-Royce is rated A- by Standard & Poor’s and Fitch Ratings and A3 by Moody’s Investors Service.
Reporting by Jane Baird; editing by John Stonestreet
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