Bloomberg News

Coventry Building Society Said to Sell Covered Bonds in Euros

October 17, 2011

Oct. 17 (Bloomberg) -- Coventry Building Society is selling at least 500 million euros of three-year covered bonds, according to a banker involved in the transaction.

The bonds may be priced to yield about 130 basis points more than the benchmark mid-swap rate, the banker said. Bank of America Corp., Danske Bank A/S, HSBC Holdings Plc and LBBW are managing the deal.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net


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