EURO BONDS-Hertz, SPCM, Eneco, VW, Peugeot, Nordea, Abbey
LONDON, June 21 |
LONDON, June 21 (Reuters) - News, details on corporate bond issues in the European markets on Monday:
HERTZ GLOBAL HOLDINGS (HTZ.N)
Mandate: The car rental company is planning a 5-year 275 million euro senior secured note, callable after 3 years, an official with one of the banks managing the sale said.
The proceeds of the bond, to be issued via Hertz Holding Netherlands, will partly be used to refinance bank debt and a roadshow is planned for June 22-25, the official said. [ID:nWNAB9719]
Managing banks: Barclays, JP Morgan as joint leads and BNP Paribas, Credit Agricole and Natixis as passive leads.
Ratings: S&P B
SPCM
Mandate: The French chemicals company is planning a 190 million euro senior note, an official with one of the banks managing the sale said. A roadshow will take place in Paris on Monday and London on Tuesday and the proceeds will be used refinance existing debt. There is also a tender offer for the company's existing 8.25 percent notes, which mature in 2013.
Managing banks: BNP Paribas, Credit Agricole
Ratings: S&P BB-
NORDEA (NDA.ST)
Mandate: The Scandinavian bank plans a 10-year fixed-rate senior benchmark euro bond, an official with one of the banks managing the sale said.IFR reported.
Guidance: Mid-swaps plus 110 bps area
Managing banks: Banca IMI, BNP Paribas, Deutsche Bank, JP Morgan and Nordea.
Ratings: Moody's Aa2, S&P AA-, Fitch AA-
ENECO
Mandate: The Dutch utility company plans a roadshow, starting on Wednesday, which may result in a benchmark hybrid bond, an official with one of the banks managing the sale said.
Managing banks: Deutsche Bank, ING and Royal Bank of Scotland.
Rating: S&P A-
PEUGEOT (PEUP.PA)
Mandate: The French carmaker plans a 500 million euro 5-year bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: BNP Paribas, Citigroup, Deutsche and Natixis
Ratings: Moody's Baa3, S&P BB+, Fitch BB+
VOLKSWAGEN BANK (VOWG.DE)
Mandate: The financing arm of the German automaker plans a 3-year 1 billion euro bond, IFR reported.
Guidance: Mid-swaps plus 80-85 bps
Managing banks: Credit Agricole, DZ, Royal Bank of Scotland and UniCredit.
Ratings: Moody's A2, S&P A-
ABBEY NATIONAL (SAN.MC)
Mandate: The UK mortgage bank, owned by Spain's Santander, plans a 4-year benchmark euro covered bond, an official with one of the banks managing the sale said. The deal is set to be launched in the near future subject to market conditions, the official said.
Managing banks: Barclays, JP Morgan, Natixis and Santander.
CREDIT MUTUEL ARKEA
Issue: The French mutual sold a 700 million euro 2-year benchmark euro floating rate note, an official at one of the lead mangers said.
Guidance: Three-month Euribor plus 85 basis points area.
Managing banks: Bank of America Merrill Lynch, Credit Mutuel Arkea, DZ Bank and Natixis.
Rating: S&P A+
BAYERISCHE LANDESBANK BLGGgh.F
Mandate: The German bank plans a 4-year euro covered bond backed by public sector loans, IFR reported.
Managing banks: BayernLB, BNP Paribas, Natixis, UBS and Unicredit.
UBI BANCA (UBI.MI)
Issue: The Italian mid-tier lender is readying a 7-year benchmark size covered euro bond, sources close to the deal said. The yield is expected to be mid-swaps plus around 95 basis points, they said.
BANCA MONTE DEI PASCHI (BMPS.MI)
Issue: Italy's Banca Monte dei Paschi di Siena SpA is sounding out the market for a 1 billion euro, 5-year covered bond, sources close to the deal said. The yield is indicated at mid-swaps plus around 95 to 100 basis points over, they said.
(London Corporate Finance: +44 207 542 8389)
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