Saturday, July 31, 2010

EURO BONDS-ING Santander Banco Popolare CRH Ladbrokes

Wed Feb 24, 2010 10:45am EST Related News EURO BONDS-UBI Banca, Barclays, GE Capital European FundingTue, Feb 23 2010EURO BONDS-Bank of Ireland, NRW.BankMon, Feb 22 2010EURO BONDS-Banca dell Marche, WestLBFri, Feb 19 2010EURO BONDS-Ladbrokes, Pohjola BankThu, Feb 18 2010What us, worry? Banks double down on riskWed, Jan 27 2010 Stocks & &

LONDON, Feb 24 (Reuters) - News, details on corporate bondissues in the European markets on Wednesday:

Stocks&&&&Currencies&&&&Bonds

ING (ING.AS)

Mandate: The Dutch bank plans a five-year, 1.25 billion eurosenior unsecured benchmark fixed-rate bond, an official at INGsaid. Books have exceeded 1.5 billion euros.

Guidance: Mid-swaps plus 105 bps, at the tight end of aninitial range of plus 105 to 110 bps.

Managing banks: Barclays Capital, Credit Suisse and ING.

Ratings: Moody"s Aa3, SP A+, Fitch A+

BANCO SANTANDER (SAN.MC)

Mandate: The Spanish bank plans a 5-year benchmark seniorunsecured euro bond, to be launched in the near future subjectto market conditions, an official at one of the banks managingthe sale said.

Managing banks: Barclays Capital, Credit Suisse, Natixis andSantander.

Ratings: Moody"a Aa2, SP AA, Fitch AA.

BANCO POPOLARE (BAPO.MI)

Issue: The Italian bank is launching a 1 billion euro 7-yearcovered bond, sources close to the deal said. [ID:nWEB1968]

Guidance: Indicated in the "low 80s" in basis points overmid-swaps.

Managing banks: LBBW, Natixis, Royal Bank of Scotland, UBSand Aletti, as reported by IFR Markets, a Thomson Reuters onlinenews and market analysis service.

CAISSE DE REFINANCEMENT DE L"HABITAT (CRH)

Issue: Plans to add to its existing covered bond issue of3.145 billion euros of 4.25 percent due October 2014, said IFRMarkets.

Guidance: mid-swaps plus 25 bps area

Managing banks: Barclays, BNP Paribas and HSBC

Rating: Moody"s Aaa

LADBROKES (LAD.L)

Issue: Britain"s biggest bookmaker is issuing a 7-year 200million pound bond, which is due to price later this week, IFRreported. Final size is dependent on results of a buy-backtender of the firm"s $250 million 7.125 pct notes due 2012.

Price talk: to yield 7.625-7.875 percent

Managing banks: Royal Bank of Scotland and Barclays.

Ratings: Moody"s (LC) Ba2, SP BB, Fitch BB+

SWEDBANK (SWEDa.ST)

Mandate: The Swedish bank plans a three-year seniorunsecured benchmark euro bond, said an official at one of thebanks managing the sale.

Guidance: Mid-swaps plus 133 to 135 basis points, IFRreported.

Managing banks: Bank of America Merrill Lynch, Barclays,Deutsche Bank and Swedbank.

Rating: Expected to be rated A2 by Moody"s and A by SP.

LF HYPOTEK

Mandate: plans debut benchmark euro covered bond, to belaunched subject to market conditions following a pan-Europeanroadshow, an official at one of the banks managing the salesaid.

Managing banks: Credit Suisse, Danske Bank, Deutsche Bankand Royal Bank of Scotland.

SBAB [SBAB.UL]

Issue: The Swedish state-owned mortgage lender plans a2-year floating rate benchmark euro bond, IFR said.

Guidance: Three-month Euribor plus 50 basis points area.

Managing banks: Danske Bank, HSBC and UBS.

(London Corporate Finance: +44 207 542 8389)

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