Comment & Analysis

Monday October 19, 12:56 PM
EURO BONDS-SBABM Barclays, Kommunalbanken, Eurohypo

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

SWEDISH HOUSING FINANCE CORP

Issue: plans 2-year senior floating-rate note, with change of control language

if government ownership falls below 51 percent, as reported by IFR Markets, a Thomson Reuters (LSE: RUT.L - news) online news and market analysis service..

Guidance: three-month Euribor plus 50-55 basis points

Managing banks: Danske Bank (Copenhagen: DANSKE.CO - news) , Deutsche Bank (Xetra: 514000 - news) and UBS

Rating: Moody's A1, S&P A+

KOMMUNALBANKEN

Issue: plans 5-year dollar-denominated benchmark eurobond, as reported by IFR.

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.

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, as reported by IFR.

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

Guidance: mid-swaps plus 25 basis points, as reported by IFR

Ratings: Moody's Aaa, S&P AAA

YORKSHIRE BUILDING SOCIETY

Issue: 3-year 750 million euro UK government-guaranteed bond issue, as reported by IFR.

Final guidance: mid-swaps plus 10 basis points.

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

SNS BANK

Issue: Debut Dutch covered bond, as reported by IFR.

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.

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

(London Corporate Finance: +44 207 542 8389)

Keywords: BOND ISSUES/ =2 LONDON

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.

NNNN

Send Article by Email | Send Article by IM | Blog This with Y! 360 | Printable View