UPDATE 1-Michelin plans 30-yr subordinated euro bond -leads

Newswire

(Adds details) LONDON, Nov 18 (Reuters) - Compagnie Generale des Etablissements Michelin , Europe's biggest tyre maker, is planning a 30-year euro-denominated subordinated bond, the banks managing the sale said on Tuesday. The bond, which will be callable after 10 years, will be launched shortly after a European roadshow, they said. SG CIB is the arranger and sole bookrunner on the bond, with HSBC acting as joint lead manager. Michelin is rated BBB+ by Standard & Poor's and Baa2 ...

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