News, details on corporate bond issues in the European markets on Monday:
Issue: plans 10-year 750 million euro bond, according to an official with one of the banks managing the sale. Books around 6 billion euros as of 1030 GMT.
Guidance: mid-swaps plus 220 basis points, refined from 225-230 basis points.
Managing banks: BNP Paribas, Calyon, Citi, HSBC, Morgan Stanley, Societe Generale.
Rating: Moody's Baa3, S&P BBB-, Fitch BBB-.
Issue: The French electronics equipment distributor plans a 500 million euro ($744 million) senior unsecured 2016 bond to refinance existing debt, company said.
Managing banks: Calyon, Royal Bank of Scotland, Bank of America Merrill Lynch, BNP Paribas, HSBC and Natixis.
EXPRO FINANCE LUXEMBOURG [UMBRLE.UL]
Roadshow: Plans roadshow for $1.35 billion of 7-year senior secured notes to repay senior secured loans.
Managing banks: Goldman Sachs, Deutsche Bank (books); JP Morgan, HSBC, Lloyds (joint leads)
Expected ratings: Moody's B1, S&P B+ ($1=.6720 Euro) (London Corporate Finance: +44 207 542 8389)