UPDATE: BFCM Plans 10-Year Euro Fixed Rate Benchmark Bond

9th Jul 2010 11:31

(Adds details) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Banque Federative du Credit Mutuel (FD-BFD) plans to issue a 10-year, euro-denominated, benchmark fixed rate senior bond, a bank hired to manage the deal said Friday. Price guidance has been set in the area of 135 basis points over mid-swaps. Barclays PLC, Citigroup, and Deutsche Bank AG are lead managers of the issue. The issuer is rated Aa3 by Moody's Investors Service Inc., A+ by Standard & Poor's Corp., and AA- by Fitch Ratings. -By Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires July 09, 2010 06:31 ET (10:31 GMT)