Vodafone plans euro Schuldschein -lead

LONDON, May 14 (Reuters) - Vodafone Group Plc (VOD.L: Quote, Profile, Research) plans to issue a 5-year euro Schuldschein private placement deal that is set to total 200 million euros ($309.3 million), an official at one of the banks managing the deal said on Wednesday.

Bookbuilding for the deal is expected to take place by the end of May, the official said. The deal may be increased based on investor appetite.

Commerzbank, DZ Bank and WestLB are managing the issue.

Schuldschein deals, covered under German law, are private placements that are similar to syndicated loans.

(Reporting by Richard Barley; editing by Sue Thomas)