Michelin Luxembourg Plans 5-Year Euro Bond

Michelin Luxembourg has announced plans to sell a five-year euro benchmark bond with a total value of around 750 million euros, the IFR has reported. IFR said on Wednesday. Yield guidance is approximately 9 per cent, said IFR Markets, a Thomson Reuters online news and market analysis service. Calyon, Royal Bank of Scotland and SG CIB are joint lead managers on the deal, IFR added.