February 4, 2009 / 1:12 PM / 10 years ago

LeasePlan plans 3-yr state-backed euro bond -IFR

LONDON, Feb 4 (Reuters) - LeasePlan, a car leasing affiliate of Volkswagen (VOWG.DE), plans a three-year benchmark euro bond, backed by the Netherlands government, IFR reported on Wednesday.

Guidance on the triple-A bond has been set at mid-swaps plus 70 to 75 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

Leasplan has appointed BNP Paribas, DZ Bank, Fortis Bank Belge, ING and JP Morgan as lead managers, IFR said.

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