EURO BONDS-BAA Funding, Tate & Lyle
26 Nov, 2009 @ 08:03 am ET | written by Reuters
News, details on corporate bond issues in the European markets on Thursday:
BAA Funding Ltd [FERBF.UL]
Issue: plans sterling denominated bond issue from its 50 billion multi-currency debt issuance programme in the near future subject to market conditions.
Managing banks: BNP Paribas, Citi, HSBC, RBC, RBS, Caja Madrid, Calyon, Santander
HERA SPA (HRA.MI)
Issue: Italian water utility Hera plans a 500 million euro ($754.7 million) 10-year fixed rate bond, said an official at one of the banks managing the deal.
Guidance: Mid-swaps plus 120-125 basis points
Managing banks: Bank of America Merrill Lynch, SocGen
Ratings: S&P A-, Moody's A2
TATE & LYLE (TATE.L)
Issue: The sugar producer has completed the 200 million pound ($333.5 million) bond issue and partial buy back of its 6.5 percent sterling bond due 2012, it said. The new bond has a coupon of 6.75 percent and is repayable in November 2019.
Tender offer: Tate & Lyle has bought back 100 million pounds of the 2012 bonds, leaving another 100 million pounds of the issue outstanding.
Managing banks: Barclays, RBS
Ratings: S&P BBB-, Moody's Baa3
Copyright 2009 Thomson Reuters. All rights reserved.
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