EURO BONDS-EDF, NRW.Bank - News

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EURO BONDS-EDF, NRW.Bank

By: AFX | 06 Nov 2009 | 10:19 AM ET

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LONDON, Nov 6 (Reuters) - News, details on corporate bond issues in the European markets on Friday: EDF Issue: 900 million pound bond split approximately equally into three tranches to provide financing for the French power company's three UK businesses, said an official at one of the banks managing the deal. Maturities on the notes are seven, 22 and 27 years. Guidance: mid-swaps plus 180-190 basis points for the seven-year, plus 175-185 basis points for the 22-year and 165-175 basis points for the 27-year tranches, the official said. Managing banks: Barclays, BNP Paribas, Deutsche Bank and Morgan Stanley Ratings: For seven and 27-year tranches - Moody's A2, S&P A, Fitch A. For 22-year tranche - Moody's A3, S&P A, Fitch A. NRW.Bank Issue: two-year benchmark euro bond, guaranteed by the State of North-Rhine Westphalia, as reported by IFR Markets, a Thomson Reuters online news and market analysis service. Managing banks: Commerzbank, DZ Bank, HSBC, Natixis, Royal Bank of Scotland and Unicredit. (London Corporate Finance: +44 207 542 8389) Keywords: BOND ISSUES/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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