EURO BONDS-Central Networks, Schiphol Announces Cash Tender

LONDON, Dec 6 (IFR) – Here are details on syndicated bond
issues in the European market on Monday:

UPDATE: Central Networks GBP500m Total At The Wides

LONDON, Dec 6 (IFR) – Final terms for the Central Networks
15yr and 30yr sterling deals have now been set at the wide end
of their respective gilts +150/+155 and +140/+145 ranges. Each
will be a benchmark minimum GBP250m amount. Pricing later this
afternoon via Barclays, HSBC and JPM.

UPDATE: Central Networks GBP Books Open
LONDON, Dec 6 (IFR) – Central Networks has opened books for
a dual-tranche GBP benchmark: a 15yr (May 2025) at UKT5% 2025
+150/+155, and a 30yr (Dec 2040) at UKT4.75% 2038 +140/+145.
Coupon steps for 18 months post issue. Make-whole higher of par
or G+100 for 18 months if issuer remains a member of E.ON. Leads
Barclays, HSBC and JPM. A3/A (CWN/on review for downgrade).
BC/HSBC/JPM. UK electicity distribution network operator, owned
by E.ON (EONGn.DE: ).

MANDATE: Schiphol Announces Cash Tender

LONDON, Dec 6 (IFR) – Schiphol [SCHP.UL] Nederland has
mandated Deutsche Bank, ING and RBS as joint dealer managers for
a maximum EUR150m cash tender for its EUR800m 6.625% Jan 2014
bond at mid-swaps +25bps. The offer expires 5pm CET on the 13th
for pricing on the 14th around 1pm.

EURO BONDS-Central Networks, Schiphol Announces Cash Tender