EURO BONDS-Smurfit Kappa, Sabadell, Gulf International Bank

Wed Nov 11, 2009 4:27pm GMT
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LONDON, Nov 11 (Reuters) - News, details on corporate bond issues in the European markets on Wednesday:

SMURFIT KAPPA ACQUISITIONS (SKG.I: Quote, Profile, Research)

Issue: size increased from 500 million euros to as much as 1 billion euros ($1.5 billion) in two tranches of eight and 10 years, an official at one of the banks managing the sale said. The 10-year tranche was added after investor enquiry. Proceeds to repay a secured bank credit facility. Books to close on Thursday at 1000 GMT.

Yield guidance: 7.5 to 7.75 percent for eight-year tranche, 8 percent area for 10-year

Managing banks: Deutsche Bank, Citi, Credit Suisse, JP Morgan

Ratings: Moody's Ba2, Fitch BB+

BANCO SABADELL (SABE.MC: Quote, Profile, ResearchContinued...

 
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