July 1, 2011 / 9:15 AM / 9 years ago

EURO BONDS-Schneider Electric, BNPP Home Loan

LONDON, July 1 (IFR) - Here are details on syndicated bond issues in the European bond market on Friday:

TENDER: Aareal Bank EUR2bn 2.625% 2012 GGs at EURIBOR-55bp

LONDON, July 1 (IFR) - Aareal Bank has announced a tender for any and all of its EUR2bn 2.625% 2012 German Government guaranteed notes at interpolated 8-9month EURIBOR less 55bp. DM/Tender Manager Deutsche Bank, expiry 11 July 2011 at 1200CET, pricing around 1400 CET.

MANDATE: Schneider Electric names leads for EUR 7yr

LONDON, July 1 (IFR) - Schneider Electric, rated A3/A-, has mandated BNP Paribas, BBVA, HSBC, JP Morgan and RBS to lead manage a new benchmark euro seven year, to be priced as soon as later today at mid swaps plus 80bp area.

MANDATE: BNPP Home Loan names leads for 10yr covered

LONDON, July 1 (IFR) - BNP Paribas Home Loan SFH has mandated BNPP, Danske, Natixis and RBS for a 10yr societe de financement de l’habitat covered bond. Books are open at mid-swaps +63 area for pricing later today. Aaa/AAA/AAA.

HY UPDATE: Solorz-Zak gets USD4.9bn of debt to back Polkomtel buyout

July 1, 2011 - Polish business man Zygmunt Solorz-Zak has obtained 13.5 billion zloty (USD4.9bn) of debt to buy mobile operator Polkomtel for 18 billion zloty, Thomson Reuters Loan Pricing Corp reported on Thursday, citing banking sources.

The debt is fully underwritten by Credit Agricole CIB, Deutsche Bank, Royal Bank of Scotland, Societe Generale an PKO Bank Polski, the sources said.

The financing comprises a mix of zloty and euro-denominated senior loans, plus a combination of senior secured and subordinated high yield bonds, which will be bridged through a loan until they launch later in the summer, the sources added. The total debt to EBITDA ratio is below 5 times and 3 times through the senior loans and bonds, which will rank alongside each other.

GUIDANCE: OP Mortgage opens books at MS+48 area

LONDON, July 1 (IFR) - Guidance for the OP Mortgage 7yr Finnish residential mortgage covered is mid-swaps +48 area for a no-grow EUR1bn. Pricing later via Barclays, BNPP, HSBC, Pohjola and UBS.

Reporting by IFR Markets

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