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Aviva plans euro, stg subordinated bonds -leads

Tue May 13, 2008 2:42pm IST
 
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LONDON, May 13 (Reuters) - UK insurer Aviva (AV.L: Quote, Profile, Research) plans to issue dated subordinated bonds denominated in euros and sterling in the near future, the banks managing the sale said on Tuesday.

Citigroup, Deutsche Bank and Morgan Stanley are managing the two-part bond sale.

The bonds are expected to be rated A3 by Moody's Investors Service and A- by Standard & Poor's, the banks said.

(Reporting by Richard Barley)

 
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