Comment & Analysis

Monday October 19, 12:24 PM
EURO BONDS-Barclays, Kommunalbanken, Eurohypo, Yorkshire

LONDON, Oct 19 (Reuters) - News, details on bond issues in the European markets on Monday:

KOMMUNALBANKEN

Issue: plans 5-year dollar-denominated benchmark eurobond, as reported by IFR Markets, a Thomson Reuters (LSE: RUT.L - news) online news and market analysis service.

Managing banks: Bank of America Merrill Lynch, JP Morgan, Morgan Stanley (NYSE: MS - news) and Royal Bank of Scotland (LSE: RBS.L - news) .

Guidance: mid-swaps plus 25 to 30 basis points.

Rating: Moody's Aaa (Xetra: 722800 - news) , S&P AAA

BARCLAYS (LSE: BARC.L - news)

Issue: plans 3.25-year, senior benchmark euro bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: Barclays

Rating: Moody's Aa3, S&P AA-, Fitch AA-

EUROHYPO (PART OF COMMERZBANK

Issue: 1 billion euro Jan. 2015 mortgage-backed covered bond

Managing banks: Barclays BNP Paribas, Commerzbank (Xetra: 803200 - news) , Deutsche Bank (Xetra: 514000 - news) , NordLB.

Guidance: mid-swaps plus 25 basis points, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Ratings: Moody's Aaa, S&P AAA

YORKSHIRE BUILDING SOCIETY

Issue: Plans 3-year 750 million euro benchmark UK government-guaranteed bond issue, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: Commerzbank, Credit Suisse, JP Morgan and Societe Generale (GLE.NX - news)

Guidance: mid-swaps plus 10-12 basis points, IFR reported.

Books: over 1.2 billion euros

SNS BANK

Issue: Debut Dutch covered bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: Barclays, LBBW and Royal Bank of Scotland

NOBLE GROUP (N21.SI - news)

Issue: Plans a 10-year global dollar-denominated bond.

A roadshow schedule is being prepared, according to IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: Goldman Sachs (NYSE: GS - news) , HSBC (LSE: HSBA.L - news) , JPMorgan and Royal Bank of Scotland.

(Editing by Dan Lalor)

(London Corporate Finance: +44 207 542 8389)

Keywords: BOND ISSUES/

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