UPDATE 1-Michelin launches 500 mln euro 30-yr bond

Newswire

(Adds details) LONDON, Nov 26 (Reuters) - Michelin , Europe's biggest tyre maker, launched a 500 million euro 30-year bond on Wednesday, a lead manager for the deal said. The bond, which will be callable after 10 years, was priced to yield 195 basis points over swaps, the banker said, at the lower end of the indicated range of 190 to 210 basis points over swaps. SG CIB was the arranger and sole bookrunner on the bond, with HSBC acting as joint lead manager. Credit rating agency ...

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