EURO BONDS-Edison, Luxottica, Helvetia, Motability, 3CIF

LONDON, Nov 3 (IFR) – Here are details on syndicated bond
issues in the European market on Wednesday:

UPDATE: Edison To Be EUR600m At MS+155

LONDON, Nov 3 (IFR) – Edison 7yr final terms have now been
fixed for a EUR600m deal at mid-swaps +155. Talk was +155/+160
from +160 area whispers. Pricing this PM.

UPDATE: Luxottica Final Terms; EUR500m At MS+200

LONDON, Nov 3 (IFR) – The upcoming 5yr from unrated
Luxottica will be a EUR500m ticket at MS+200bp. This is the top
end of EUR300-500m size guidance and the tight-end of
MS+200-220bp guidance. Banca IMI, BNP Paribas, Deutsche Bank and
Mediobanca are the leads.

UPDATE: Helvetia Tightens CHF Hybrid Guidance to 4.75%a

LONDON, Nov 3 (IFR) – Helvetia Insurance has tightened
guidance on their CHF300m no-grow PNC5 non-step hybrid to 4.75%
area coupon for MS+358bp area from initial 5% coupon at MS+382bp
area, according to leads CS and DB. Pricing for the unrated
(senior A- by S&P) deal should take place later today.

MANDATE: Motability Operations Roadshow

LONDON, Nov 3 (IFR) – Motability Operations Group plc
(A2/A+) has mandated Barclays, HSBC, Lloyds and RBS to arrange a
series of investor meetings in the UK and continental Europe
commencing Mon 8th Nov. A capital markets transaction may
follow, subject to market conditions.

MANDATE: 3CIF Names Leads For 7yr EUR Benchmark

LONDON, Nov 3 (IFR) – Caisse Centrale du Credit Immobilier
de France has mandated BNPP, DZ, LBBW and Nomura for a long 7yr
fixed senior euro benchmark due Jan 2018. Guidance is mid-swaps
+165 area. Rated A1/A/A+.

MANDATE: Edison plans 7-year euro benchmark bond

LONDON, Nov 3 (IFR) – Edison, rated Baa3/BBB/BBB+, has named
Banca IMI, BNP Paribas, CA-CIB, Mediobanca, SG CIB and UniCredit
as leads for a euro 7yr benchmark.

Books are open and we await guidance. S&P yesterday followed
in Moody’s footsteps and downgraded Edison by one notch. The
outlook at both is now stable, unlike at Fitch where it is
negative and a one notch downgrade there cannot be discounted.

EURO BONDS-Edison, Luxottica, Helvetia, Motability, 3CIF