News, details on corporate bond issues in the European markets on Tuesday:
Issue: opens order book for a two-tranche euro benchmark bond, an official at one of the banks managing the sale said. Europe's biggest entertainment group plans to use the proceeds for general corporate purposes.
Spread guidance: mid-swaps plus 130 basis points area for 7-year tranche, mid-swaps plus 150 basis points area for 10-year.
Managing banks: HSBC, Natixis, Royal Bank of Scotland and SG CIB
Ratings: Moody's Baa2, S&P BBB, Fitch BBB
ANGLO AMERICAN (AAL.L)
Issue: will sell 750 million euro 7-year bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.
Spread guidance: mid-swaps plus 140 basis points area
Managing banks: Citi, HSBC, RBS, Santander
Ratings: Moody's Baa1, S&P BBB-
UNICREDIT INTERNATIONAL BANK (CRDI.MI)
Mandate: plans 750 million euro Tier 1 perpetual bond, [ID:QnWEA2577].
Yield guidance: 8.25 percent area
Managing banks: Deutsche Bank, SG CIB, UniCredit
VOLKSWAGEN INTERNATIONAL FINANCE NV (VOWG.DE)
Issue: plans euro February 2015 benchmark bond guaranteed by Volkswagen AG, reports IFR Markets.
Managing banks: BNP Paribas, Deutsche Bank, ING and LBBW
Rating for Volkswagen AG: Moody's A3, S&P A-, Fitch BBB+
SPAREBANK 1 BOLIGKREDITT [SPRBG.UL]
Issue: plans euro three-year covered bond, backed by prime Norwegian residential mortgages, as reported by IFR.
Managing banks: Citigroup, Commerzbank, SG CIB and UniCredit
Rating: Moody's Aaa, Fitch AAA
BANCO COMERCIAL PORTUGUES (BCP.LS)
Issue: plans euro Febuary 2013 senior benchmark floating-rate note, as reported by IFR.
Managing banks: Barclays Capital, JP Morgan, Millennium BCP and UniCredit (HVB)
Rating: Moody's A1, S&P A-, Fitch A+
NIBC BANK [NIBCAP.UL]
Issue: the Dutch merchant bank plans a dollar-denominated five-year bond backed by a government guarantee, as reported by IFR.
Managing banks: Bank of America-Merrill Lynch, Citigroup, JP Morgan, Morgan Stanley and Royal Bank of Scotland