LONDON, April 8 (Reuters) - News, details on corporate bond issues in the European markets on Thursday:
ANGLO IRISH BANK CORP
Issue: The nationalised bank plans to issue a two-part government-guaranteed bond, consisting of a 1.5 billion euro tranche maturing in two years and a 750 million euro tranche maturing in five years, an official at one of the banks managing the sale said.
Guidance: Mid-swaps plus 120 basis points for the two-year tranche, versus an initial plus 125 bps area. Mid-swaps plus 165 bps for the five-year tranche, versus an initial plus 165 bps area.
Managing banks: Bank of America Merrill Lynch, Deutsche Bank, JP Morgan, LBBW and SG CIB
Expected ratings: Moody's Aa1, S&P AA, Fitch AA-
IBERCAJA
Mandate: The Spanish savings bank plans a five-year mortgage-backed covered bond, said IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: BBVA, Credit Agricole, HSBC and LBBW
CEZ
Issue: The Czech utility is issuing a 15-year 750 million euro bond, said an official at one of the banks managing the sale.
Guidance: Mid-swaps plus 122 basis points, versus an initial plus 125 basis points area
Managing banks: BayernLB, Erste Group, HSBC, SG CIB and UniCredit
Ratings: Moody's A2, S&P A-, Fitch A-
RCI BANQUE
Mandate: The financing arm of French carmaker Renault plans to issue 600 million euros of bonds maturing in July 2012, said an official at one of the lead banks.
Guidance: mid-swaps plus 145 basis points, with books reaching almost 1 billion euros
Managing banks: BBVA, Natixis and SG CIB
Ratings: Moody's Baa2, S&P BBB-
DNB NOR BOLIGKREDITT
Issue: The issuing vehicle of Norwegian bank DnB NOR plans a euro benchmark covered bond backed by Norwegian residential mortgages, said IFR.
Managing banks: Barclays, Goldman Sachs, HBBC and UniCredit
CAIXANOVA
Issue: The Spanish savings bank plans to issue a five-year benchmark euro senior bond, backed by a government guarantee, IFR reported.
Guidance: mid-swaps plus 85 basis points area
Managing banks: BBVA, Caja Madrid, Credit Agricole CIB and UBS
(Editing by Jon Loades-Carter) Keywords: BOND ISSUES/ XX:SN:nLDE6370CO#SU:REUTERS#DU:bdeal+lanreunxd1+lanreznxd1+rekwire+reawire+rexwire+reewire+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+lanrexnxd1+bsu8rtr#XP:tfukfipdista.datastream.com ~ (London Corporate Finance: +44 207 542 8389) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
ANGLO IRISH BANK CORP
Issue: The nationalised bank plans to issue a two-part government-guaranteed bond, consisting of a 1.5 billion euro tranche maturing in two years and a 750 million euro tranche maturing in five years, an official at one of the banks managing the sale said.
Guidance: Mid-swaps plus 120 basis points for the two-year tranche, versus an initial plus 125 bps area. Mid-swaps plus 165 bps for the five-year tranche, versus an initial plus 165 bps area.
Managing banks: Bank of America Merrill Lynch, Deutsche Bank, JP Morgan, LBBW and SG CIB
Expected ratings: Moody's Aa1, S&P AA, Fitch AA-
IBERCAJA
Mandate: The Spanish savings bank plans a five-year mortgage-backed covered bond, said IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: BBVA, Credit Agricole, HSBC and LBBW
CEZ
Issue: The Czech utility is issuing a 15-year 750 million euro bond, said an official at one of the banks managing the sale.
Guidance: Mid-swaps plus 122 basis points, versus an initial plus 125 basis points area
Managing banks: BayernLB, Erste Group, HSBC, SG CIB and UniCredit
Ratings: Moody's A2, S&P A-, Fitch A-
RCI BANQUE
Mandate: The financing arm of French carmaker Renault plans to issue 600 million euros of bonds maturing in July 2012, said an official at one of the lead banks.
Guidance: mid-swaps plus 145 basis points, with books reaching almost 1 billion euros
Managing banks: BBVA, Natixis and SG CIB
Ratings: Moody's Baa2, S&P BBB-
DNB NOR BOLIGKREDITT
Issue: The issuing vehicle of Norwegian bank DnB NOR plans a euro benchmark covered bond backed by Norwegian residential mortgages, said IFR.
Managing banks: Barclays, Goldman Sachs, HBBC and UniCredit
CAIXANOVA
Issue: The Spanish savings bank plans to issue a five-year benchmark euro senior bond, backed by a government guarantee, IFR reported.
Guidance: mid-swaps plus 85 basis points area
Managing banks: BBVA, Caja Madrid, Credit Agricole CIB and UBS
(Editing by Jon Loades-Carter) Keywords: BOND ISSUES/ XX:SN:nLDE6370CO#SU:REUTERS#DU:bdeal+lanreunxd1+lanreznxd1+rekwire+reawire+rexwire+reewire+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+bsu8rtr+lanrexnxd1+bsu8rtr#XP:tfukfipdista.datastream.com ~ (London Corporate Finance: +44 207 542 8389) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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