EUR New issues: Bosch, Werfen, Schleswig-Holstein

Euro notes
Bosch, Werfen and Schleswig-Holstein are the main issuers in euro today as supply slows ahead of the long weekend.

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New issues: Bosch, Werfen, Schleswig-Holstein 

  • Bosch plans EUR 4y, 7y, 12y and 20y bonds in the area of swaps +60, 90, 120 and 175bps, respectively. Leads are BNPP, Citi, DB (B&D), Mizuho and UniCredit.


  • Spain’s Werfen (BBB-) is preparing a €500m 5y at around swaps +175bps. Leads are BBVA, BNPP, BofA, Caixa, Citi, DB, HSBC (B&D), IMI, JPM, Mediobanca, MUFG, Natixis, Sabadell and UniCredit.


  • Arval Service Lease plans a €500m 1.5y in the region of swaps +120bps via BBVA, BNPP (B&D), HSBC, ING, Santander and UniCredit.


  • Schleswig-Holstein plans a €500m 7y at swaps -4bps through BayernLB, DB (B&D), JPM, Rabo UniCredit.


  • Danfoss Finance II is preparing a €500m 6.5y Sustainability bond via BNPP, Danske, JPM and Nykredit. Expected Friday.


  • Continental AG yesterday priced  a €750m 5y at swaps +95bps through DB (B&D), BofA, Citi and UniCredit.


  • Vodafone plc yesterday priced two hybrids: a €750m 61.25y NC6.25 6.5% and a £500m 63.25y NC8.25 8.0%. Leads are BNPP, BofA (B&D), GS, MUFG, NatWest and RBC.


  • Agence France Locale yesterday priced a €500m 15y at OATs +44bps through DB, GS, HSBC (B&D) and NatWest.


  • DZ Hyp yesterday priced a €500m 10y Covered at swaps +16bps through BNPP, DZ (B&D), Erste, ING, LBBW and NatWest.


  • Dexia Credit Local yesterday priced a €1.5bn 5y at swaps +7bps through Citi (B&D), CA, JPM, Natixis and SocGen.