Bloomberg News

DNB Boligkreditt Said to Plan Covered Bond Sale Tomorrow

January 03, 2012

Jan. 3 (Bloomberg) -- DNB Boligkreditt AS plans to sell 5.25-year covered bonds backed by prime Norwegian residential mortgages tomorrow, according to a banker involved in the transaction.

The bonds may be priced to yield about 70 basis points over swaps, said the banker. Barclays Capital, BNP Paribas SA, Deutsche Bank AG and UniCredit SpA will manage the deal, the banker said.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net


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