EURO BONDS-Loyalty Partner roadshow, Barclays covered bond

LONDON, May 18 (BestGrowthStock) – News, details on corporate bond
issues in the European markets on Tuesday:


Roadshow: The privately-owned Germany-based company, which
provides customer loyalty management services, plans a 5-year
160 million euro senior secured note, callable after 3 years, an
official with one of the banks managing the sale said. The
roadshow began in Munich on Tuesday and will move to Frankfurt,
Paris and Amsterdam before ending in London on Friday and

Proceeds: Refinancing all existing debt and part of a
shareholder’s loan.

Managing banks: JP Morgan (bookrunner), Commerzbank

Bond ratings: Moody’s B3; S&P B


Roadshow: The UK bank is arranging a series of investor
meetings starting May 24 to introduce its updated Regulated
Covered Bond Programme, which now allows the issuance of German
registered covered bonds, as reported by IFR Markets, a Thomson
Reuters online news and market analysis service.

Expected ratings: Triple-A

Stock Market Investing

(London Corporate Finance: +44 207 542 8389)

EURO BONDS-Loyalty Partner roadshow, Barclays covered bond