News, details on bond issues in the European market on Tuesday:
LANDESBANK BERLIN (BEBG.DE)
Issue: Lower Tier 2 euro bond issue, expected as a 10-year bullet, after roadshows next week in Frankfurt, Munich, Zurich and the Netherland, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: BNP Paribas, Deutsche Bank and HSBC
Issue: Dexia Municipal Agency (DEXMA), an arm of Dexia Group, plans a 750 million euro tap of its 3.5 percent September 2016 covered bond, IFR reported.
Managing banks: Credit Suisse, Dexia, LBBW and Natixis.
Guidance: Mid-swaps plus 38 basis points, refined from initial guidance of around 40 basis points.
OP MORTGAGE BANK (POH1S.HE)
Issue: The subsidiary of Finland's OP-Pohjola Group plans a roadshow in Europe for ahead of a covered euro bond issue, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: Calyon, Credit Suisse, Deutsche Bank and Pohjola.
Issue: The Spanish regional savings bank plans a debut covered euro bond, as reported by IFR Markets.
Managing banks: BBVA, LBBW and Natixis.
VIRGIN MEDIA (VMED.O)
Issue: The British entertainment company plans a 500 million pound ($818 million) equivalent 10-year bond issue, an official at one of the banks managing the sale said.
Managing banks: BNP Paribas, Deutsche Bank, Calyon, Goldman Sachs, HSBC, JP Morgan and Royal Bank of Scotland
Guidance: Books to close on Wednesday, pricing to follow.
Ratings: Moody's B2, S&P B
Issue: The Spanish bank plans a 5-year benchmark euro covered bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Managing banks: Barclays, Calyon, Deutsche Bank, Goldman Sach and Bankinter itself.
Guidance: mid-swaps plus around 60 basis points
(London Corporate Finance: +44 207 542 8389) ($1 = 0.6115 pound)