LONDON, June 14 (BestGrowthStock) – News, details on corporate bond
issues in the European markets on Monday:
RTE EDF TRANSPORT:
Mandate: The subsidiary of French power company EDF (EDF.PA: )
sets the final size of a 12-year bond at 750 million euros, the
high end of an initial 500-750 million euro range, an official
with one of the banks managing the sale said.
Guidance: Mid-swaps plus 85 bps from initial 85-90 bps
range.
Managing banks: Deutsche Bank, HSBC, Natixis and Societe
Generale.
Ratings: S&P A+
ALSTOM (ALSO.PA: )
Mandate: The French engineering group is planning to add to
two existing 500 million euro ($610 million) bonds, an official
with one of the banks managing the sale said. The company will
add a maximum of 250 million euros to the existing September
2014 and March 2020 bonds.
Managing banks: BNP Paribas, Credit Agricole, Natixis and
Societe Generale.
Ratings: Moody’s Baa2, S&P BBB+
GRENKE FINANCE
Mandate: The subsidiary of German IT leasing company
Grenkeleasing (GKLG.DE: ) plans to sell a 3.5-year fixed rate
bond, as reported by IFR Markets, a Thomson Reuters online news
and market analysis service.
Guidance: Mid-swaps plus 285 bps
Managing banks: Deutsche Bank and WestLB
Ratings: S&P BBB
Investment Analysis
($1=.8203 Euro)
(London Corporate Finance: +44 207 542 8389)
EURO BONDS-RTE, Alstom tap, Grenke Finance
