March 2, 2011 / 11:00 AM / 9 years ago

EURO BONDS-Lithuania, Dankse Bank, IPIC, EAA, BP di Milano

LONDON, Mar 2 (IFR) - Here are details on syndicated bond issues in the European market on Wednesday:

EEMEA PRICE TALK: Lithuania USD 10Y Bmk 6.5% (MS+300) Area

LONDON, Mar 2 (IFR) - The Republic of Lithuania (Baa1/BBB/BBB) has released price talk for its 10-year US dollar benchmark bond in the 6.5% area corresponding to an approximate spread of 300bp over mid-swaps. The Baltic nation is expected to price its fourth consecutive US dollar deal today led by BNP Paribas and JP Morgan.

UPDATE: Danske 5yr Spread Fixed MS+52

MANDATE: EAA Names Leads For EUR Debut

LONDON, Mar 2 (IFR) - EAA (Erste Abwicklungsanstalt), rated Aa1/AA-/AAA, has mandated Barclays Capital, Deutsche Bank, JP Morgan, UniCredit and WestLB to lead-manage its inaugural EUR benchmark transaction. The deal is planned in the 2nd half of March, subject to market conditions.

UPDATE: BP Di Milano Tap To Be EUR350m at MS+165

LONDON, Mar 2 (IFR) - BP di Milano will increase its EUR750m 3.25% Nov 2015 OBG covered later today by EUR350m at mid-swaps +165. Guidance was for a minimum EUR250m at +165/+170. Akros, SocGen and UBS are leads.

UPDATE: Danske 5yr Books Open; EUR1bn at MS+low 50s

LONDON, Mar 2 (IFR) - Official guidance for the Danske 5yr covered is EUR1bn (no-grow) at mid-swaps +low 50s, after whispers late yesterday of the low/mid 50s over. Pricing later today via Barclays, Commerzbank, Credit Suisse, Danske and Natixis.

UPDATE: IPIC Markets Euro/Sterling Bond in Paris

LONDON, Mar 2 (IFR) - The 100% Abu Dhabi government-owned International Petroleum Investment Company (IPIC) (Aa3/AA/AA) continues European roadshow in Paris for its dual-currency euro/sterling offering, which is expected to raise USD2bn-equivalent or more.

Goldman Sachs is acting as transaction coordinator with Banco Santander, BNP Paribas, CA CIB, Deutsche Bank and UniCredit acting as lead managers. Meetings continue in Switzerland tomorrow ahead of Germany on Friday. Presentations will then take place in Amsterdam next Monday before concluding with another London round on Tuesday March 8.

IFR London: +44 207 542 8389

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