UPDATE 1-Rolls Royce plans euro benchmark bond

Newswire

(Adds background, default swap price) LONDON, Feb 20 (Reuters) - Aero-engine maker Rolls Royce plans to launch a benchmark euro-denominated bond to refinance debt, lead managers for the deal said on Friday. Benchmark deals normally total at least 500 million euros. Supply so far this year in the corporate sector has been low, with many issuers having borrowed last year and volatility in the market discouraging new deals. BNP Paribas, Citigroup and J.P. Morgan have been mandated to ...

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