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LONDON, Nov 13 (Reuters) - Germany's MAN AG plans to sell 500 million euros of a debut seven-year bond following investor presentations, said a lead manager for the deal on Thursday.
The transaction will be launched following roadshows starting on November 21, said a banker managing the deal. Hypovereinsbank and Deutsche Bank are managing the sale.
MAN is not rated by Moody's Investors Service, Standard & Poor's or Fitch Ratings.
On Wednesday the German trucks and engineering group said its pre-tax profit rose 26 percent in the third quarter, in line with expectations, and said it still expected higher profits in the year as a whole.
The group is restructuring its commercial vehicles unit, and said this project was ahead of schedule.