LONDON, Nov. 25 (MNI) - It was a very busy day for the European new issues market on Tuesday and activity has remained relatively brisk this morning with a number of benchmark deals to add to pipeline so far today.

Marks & Spencer is to issue a benchmark, 10 year fixed rate deal in Sterling. Price talk is in the government bonds plus 250-260 basis points area and the leads are Citigroup, HSBC, Morgan Stanley and RBS.

Also, BPCE is to issue a benchmark dual-tranche deal in Euros.

The first tranche is a E500 million, FRN deal maturing June 2011 with price talk in the Euribor plus 40 bps area.

The second tranche is a E500 million, 3 year fixed rate deal with price talk in the mid-market swaps plus 60-65 bps area.

Leads are Barclays and Natixis.

Lottomatica is to issue a benchmark, 7 year fixed rate deal in Euros. Price talk is in the mid-market swaps plus 235-240 bps area and the leads are Banca IMI, Calyon, RBS and UniCredit.

SNS Reaal is to issue a E300 million fixed rate deal maturing March 2013. Price talk is in the mid-market swaps plus 200 bps area and the leads are Calyon, Citigroup and SocGen.

Lastly, Unedic is to issue a benchmark, 3 year fixed rate deal in Euros. Price talk is in the mid-market swaps plus 5-10 bps area and the leads are BNPP, Calyon, HSBC and Natixis.

Yesterday, Banco Comercial Portugues issued its E500 million FRN deal, maturing February 2013. The bond has a coupon of Euribor plus 90 bps and had a reoffer price of 99.777% (priced to yield Euribor plus 97 bps). Leads were Barclays, JP Morgan, MBCP and UniCredit.

Also, AyT issued its E500 million fixed rate covered deal maturing 2019. The bond has a coupon of 4.5% and had a reoffer price of 98.185% (priced to yield government bond plus 151.9 bps). Leads were ACF, Goldman Sachs, RBS and SocGen.

SpareBank 1 Boligkredit issued its E1 billion fixed rate covered deal maturing 2012. The bond has a coupon of 2.375% and had a reoffer price of 99.691% (priced to yield government bonds plus 82.10 bps). Leads were Citigroup, Commerzbank, SocGen and UniCredit.

Volkswagen issued its E1.25 billion fixed rate deal maturing February 2015. The bond has a coupon of 3.5% and had a reoffer price of 99.732% (priced to yield government bonds plus 112.60 bps). Leads were BNPP, Deutsche Bank, ING and LBBW.

Telefonica issued its Stg600 million fixed rate deal maturing 2022. The bond has a coupon of 5.289% and had a reoffer price of par (priced to yield government bonds plus 145 bps). Leads were HSBC and Lloyds TSB.

Anglo American issued its E750 million fixed rate deal maturing 2016. The bond has a coupon of 4.375% and had a reoffer price of 99.416% (priced to yield government bonds plus 174 bps). Leads were Citigroup, HSBC, RBS and Santander.

Intesa Sanpaolo issued its E1.5 billion fixed rate deal maturing 2012. The bond has a coupon of 2.625% and had a reoffer price of 99.934% (Priced to yield mid-market swaps plus 50 bps). Leads were Banca IMI, BNPP, Credit Suisse and JP Morgan.

Vivendi issued its E1 billion, dual-tranche fixed rate deal.

The first tranche is a E500 million fixed rate deal maturing 2016. The bond has a coupon of 4.25% and had a reoffer price of 99.425% (priced to yield mid-market swaps plus 125 bps).

The second tranche is a E500 million fixed rate deal maturing 2019. The bond has a coupon of 4.875% and had a reoffer price of 99.728% (priced to yield mid-market swaps plus 145 bps).

Leads were HSBC, RBS and SocGen.

UniCredit International issued its E750 million hybrid Tier I perpetual deal. The bond has a coupon of 8.125% and had a reoffer price of par. The coupon switches to Euribor plus 665 bps in December 2019 if the deal is not called on that date. Leads were Deutsche Bank, SocGen and UniCredit.

Lastly, KfW issued its E3 billion fixed rate deal, maturing July 2016. The bond has a coupon of 3.125% and had a reoffer price of 99.935% (priced to yield government bonds plus 39.40 bps). Leads were Barclays, HSBC and UniCredit.

EURO SUPPLY PIPELINE: Nov. 25

CORPORATE

* Hera SpA - Is to issue a benchmark deal in Euros. The deal will be launched following investor presentations and the leads are BoA-ML and SocGen. * Wales & West Utilities - Is to issue a deal in Sterling. Leads are Barclays, Commerzbank and RBS. * Lottomatica - Is to issue a benchmark, 7 year deal in Euros. Leads are Banca IMI, Calyon, RBS and UniCredit. * Unedic - Is to issue a benchmark, 3 year fixed rate deal in Euros. Price talk is in the mid-market swaps plus 5-10 bps area and the leads are BNPP, Calyon, HSBC and Natixis. * Marks & Spencer - Is to issue a benchmark, 10 year fixed rate deal in Sterling. Price talk is in the government bonds plus 250-260 bps area and the leads are Citigroup, HSBC, Morgan Stanley and RBS.

FINANCIALS

* BPCE - Is to issue a benchmark dual-tranche deal in Euros. The first tranche is a E500 million, FRN deal maturing June 2011 with price talk in the Euribor plus 40 bps area. The second tranche is a E500 million, 3 year fixed rate deal with price talk in the mid-market swaps plus 60-65 bps area. Leads are Barclays and Natixis. * SNS Reaal - Is to issue a E300 million fixed rate deal maturing March 2013. Price talk is in the mid-market swaps plus 200 bps area and the leads are Calyon, Citigroup and SocGen.

OTHER

* Fondo de Reestructuracion Ordenada Bancaria (FROB) - Is to issue an inaugural benchmark, 5 year deal in Euros. Leads are BBVA, Barclays, Calyon, Deutsche Bank and HSBC. The issue will carry an explicit and irrevocable guarantee from the Kingdom of Spain and will be launched and priced in the near future subject to market conditions and after investor presentations. * Ontario - Is to issue a benchmark, 10 year fixed rate deal. Price talk is in the mid-market swaps plus 55-58 bps area and the leads are BNPP, Deutsche Bank, HSBC and JP Morgan.