By Serena Ruffoni
A few bond deals, mainly banks, priced Wednesday. CDS indexes
are stable
CDS:
iTraxx Europe index: flat at 98 BPs
iTraxx Crossover index: 1 BP tighter at 387 BPs
NEW ISSUES
Daimler two-tranche
Amount: EUR500 million, EUR750 million
Maturity: Oct. 7, 2016, April 7, 2020
Coupon: 30 BPs over three-month Euribor, 2%
Issue Price: 100, 99.212
Payment Date: Oct. 7, 2013
Spread: 30 BPs over three-month Euribor, 55 BPs over midswaps
Debt Ratings: A3 (Moody's)
A- (Standard & Poor's)
A- (Fitch)
Denominations: EUR1,000
Listing: Luxembourg
Veneto Banca priced a EUR300 million 4.25% senior unsecured
bond, maturing Jan 2016, at 99.752, Swaps + 3.75
Bank of Ireland priced a EUR500 million 3.625% seven-year
covered bond, at 99.97, Swaps +1.95
COMING UP:
Raiffeisen Bank International AG has mandated banks to arrange a
series of fixed-income investor meetings in Europe from Sept. 30. A
euro-denominated debt offering may follow, subject to market
conditions.
Write to Serena Ruffoni at serena.ruffoni@wsj.com