By Serena Ruffoni
Tuesday was a busy day for European credit markets.
CDS:
iTraxx Europe index: 3 BPs tighter at 97 BPs
iTraxx Crossover index: 13 BPs tighter at 387 BPs
NEW ISSUES
The U.K. sold 5 billion pounds ($8.02 billion) of its new gilt
maturing March 22, 2068. The bond has a 0.125% coupon and was sold
at a reoffer price of 99.37, for a yield of 0.137%.
ICADE priced a 500 million euro ($675.8 million) 2.25% bond
maturing Jan. 30, 2019 and a EUR300 million 3.375% bond maturing
Sept. 29, 2023.
Danske Bank Tier 2
Amount: EUR1 billion
Maturity: Oct. 4, 2023
Coupon: 3.875%
Payment Date: Oct. 4, 2013
Spread: 262.5 bps over midswaps
Debt Ratings: BBB- (Standard & Poor's)
A- (Fitch)
AUSTRIA
Amount: EUR4 billion
Maturity: Oct. 19, 2018
Coupon: 1.15%
Issue Price: 99.848
Payment Date: Sept. 27, 2013
Spread: 11 bps below midswaps
Debt Ratings: Aaa (Moody's)
AA+ (Standard & Poor's)
AAA (Fitch)
Denominations: EUR1,000;
Listing: Vienna
COMING UP:
Veneto Banca Scpa has mandated banks for a possible
euro-denominated senior issue, subject to market conditions.
Bank of Ireland Mortgage Bank has mandated banks for a
seven-year euro-denominated covered bond transaction, subject to
market conditions.
Mediobanca-Banca di Credito Finanziario SpA has mandated banks
to arrange a series of fixed-income investor meetings beginning
Sept. 30 across Europe to present their new Obbligazioni Bancarie
Garantite program. A transaction may follow, subject to market
conditions.
Write to Serena Ruffoni at serena.ruffoni@wsj.com