Bloomberg News

UBS Said to Sell Five-Year Euro-Denominated Covered Bonds

January 03, 2012

Jan. 3 (Bloomberg) -- UBS AG is selling five-year covered bonds in euros, according to a banker involved in the transaction.

The five-year bonds may be priced to yield in the low 60 basis-point area over the benchmark swap rate today, the banker said. BNP Paribas SA, Commerzbank AG, ING Groep NV, Natixis and UniCredit SpA are managing the deal with UBS.

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


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