June 10 (Reuters) – News, details on corporate bond issues in the European markets on Thursday:

Stocks | Currencies | Bonds | Global Markets

CATERPILLAR (CAT.N)

Issue: The U.S. construction company plans a 3-year 300 million euro ($361.1 million) bond, an official with one of the banks managing the sale said.

Guidance: Mid-swaps plus 85 basis points versus earlier guidance of mid-swaps plus 85-90 bps, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: Royal Bank of Scotland, Societe Generale.

Ratings: Moody’s A2, S&P A, Fitch A.

NATIONAL EXPRESS (NEX.L)

Issue: The UK transport group has opened books on a 10-year benchmark sterling bond, an official at one of the banks managing the sale said. The company had delayed a debut euro bond on April 28, citing market volatility.

Guidance: Gilts plus 300 to 310 basis points.

Managing banks: BayernLB, BBVA, BNP Paribas, HSBC.

SEB (SEBa.ST)

Mandate: The Swedish bank plans a 5-year benchmark euro covered bond, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.

Managing banks: BayernLB, Commerzbank, Credit Suisse, Royal Bank of Scotland and SEB.

KA FINANZ [KKAT.UL]

Mandate: Renamed Kommunalkredit Austria opens books on a three-year benchmark euro government-guaranteed bond, IFR reports.

Guidance: Mid-swaps plus 25 bps area.

Managing banks: Barclays, Bank of America Merrill Lynch, Erste and Goldman Sachs.

WESTIMMO

Issue: The German real estate bank plans a 500 million euro 2-year covered bond, IFR reported.

Guidance: Mid-swaps plus 15-20 basis points.

Managing banks: BayernLB, Citi, Commerzbank, Unicredit and WestLB.

(London Corporate Finance: +44 207 542 8389) ($1=.8307 Euro)