EURO BONDS-EDF, NRW.Bank

Fri Nov 6, 2009 3:04pm GMT
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LONDON, Nov 6 (Reuters) - News, details on corporate bond issues in the European markets on Friday:

EDF (EDF.PA: Quote, Profile, Research)

Issue: 900 million pound bond split approximately equally into three tranches to provide financing for the French power company's three UK businesses, said an official at one of the banks managing the deal. Maturities on the notes are seven, 22 and 27 years.

Guidance: mid-swaps plus 180-190 basis points for the seven-year, plus 175-185 basis points for the 22-year and 165-175 basis points for the 27-year tranches, the official said.

Managing banks: Barclays, BNP Paribas, Deutsche Bank and Morgan Stanley

Ratings: For seven and 27-year tranches - Moody's A2, S&P A, Fitch A. For 22-year tranche - Moody's A3, S&P A, Fitch A.

NRW.Bank  Continued...

 
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