Bloomberg News

Deutsche Bank Said to Sell 500 Million Euros of Covered Bonds

February 22, 2012

Feb. 22 (Bloomberg) -- Deutsche Bank AG plans to sell 500 million euros of seven-year covered bonds, according to a banker with knowledge of the transaction.

The notes may be priced at a yield in the mid to high 20 basis-point area more than the benchmark mid-swap rate, the banker said. Credit Agricole SA, Natixis and UniCredit SpA are managing the sale with Deutsche Bank.

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

To contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.net


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