EURO BONDS-Renault, DnB NOR, HSH Nordbank
LONDON, June 24 |
LONDON, June 24 (Reuters) - News, details on corporate bond issues in the European markets on Thursday:
RENAULT (RENA.PA)
Mandate: The French car company plans a 500 million euro benchmark bond, an official with one of the banks managing the sale said.
Guidance: Mid-swaps plus 360-370 basis points
Managing banks: JP Morgan, Societe Generale and Unicredit.
Rating: Moody's Ba1, S&P BB, Fitch BB.
RENAULT
Mandate: The French auto maker is also planning a 1 billion euro asset-backed securitization, backed by a portfolio of German auto loans and the originator is RCI Banque Germany, an official with one of the banks managing the sale said.
Only the 873 million euro sized Class A notes are offered and guidance will be set after a European roadshow, which starts on Monday.
Managing banks: Calyon, Societe Generale
DnB NOR
Issue: The Norwegian financial services group plans a 10-year senior euro benchmark bond, said IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: Bank of America Merrill Lynch, BNP Paribas, Deutsche Bank.
HSH NORDBANK
Mandate: The German bank plans a 500 million euro 3-year covered bond backed by public sector loans, IFR reported. The issue will be launched next week subject to market conditions.
Managing banks: Commerzbank, Deutsche Bank, DZ Bank, HSH Nordbank and Unicredit.
(London Corporate Finance: +44 207 542 8389)
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