5 yr: Redemption: 2018-10-15; Registration: 144A/Reg S; Comments: EUR up to 225m 5nc2 snr sec. IPTs 4.5% area, talk 4.25% area (+/-12.5bp), bks close 1430LON. First call par plus 50% coupon. Equity claw: 40% @ par+coupon. Repay debt/fund European fleet. Active bks: CA/BNP. Passive: Barc, JP , Lloyds, Nat, Uni. Roadshow: Sept 12-13.;