
Euro Credit: Lacklustre Credit Markets Dampen New Issues
LONDON, Feb. 9 (MNI) - Another rather lacklustre trading session for European credit markets so far today has resulted in a quiet morning for the new issues market with only a few new deals to add to the pipeline.
Rabobank is to issue a benchmark, 5 year fixed rate deal in Euros. Price talk is in the mid-market swaps plus 50 basis points area and the leads are BoA-ML, HSBC and UBS.
Terra Boligkredit is to issue a covered deal in Euros. The deal will be launched following investor presentations and the leads are Commerzbank, Danske Bank, UBS and UniCredit.
Also, Vestas has hired Nordea, Rabobank, SocGen and UniCredit to arrange a European roadshow starting this week.
EURO SUPPLY PIPELINE: Feb. 9
FINANCIALS
* Aktia Real Estate Mortgage Bank - Is to issue a covered deal in Euros. Leads are BNPP, Commerzbank and JPMorgan. * Banco Popolare Espanol - Has hired RBS and UBS to run a covered bond program on its behalf, according to sources. * VEB - Is to issue an inaugural deal in Euros. Leads are Barclays, Citigroup, HSBC and SocGen. * Rabobank - Is to issue a benchmark, 5 year fixed rate deal in Euros. Price talk is in the mid-market swaps plus 50 bps area and the leads are BoA, HSBC and UBS. * Terra Boligkredit - Is to issue a covered deal in Euros. The deal will be launched following investor presentations and the leads are Commerzbank, Danske Bank, UBS and UniCredit.
CORPORATES
* Abengoa - Is rumoured to be considering issuing a deal in Euros, at some time in the near future. Leads are mooted to be BNPP, Deutsche Bank, Calyon, Credit Suisse, Banco Santander and SocGen. * Vestas - Has hired Nordea, Rabobank, SocGen and UniCredit to arrange a European roadshow starting this week.

