Aareal Bank Sets Pricing On 2016 Covered Bond, Swaps +0.60 Area

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The FINANCIAL — Germany's Aareal Bank AG has set pricing on its EUR500 million covered bond, maturing in 2016, one of the banks running the deal said Monday, according to Borsa Italiana – London Stock Exchange Group .

 

Initial price guidance is in the area of 60 basis points over midswaps.

BNP Paribas SA, Commerzbank AG, DZ Bank, LBBW and West LB are lead managers on the sale.

 

 

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