Aareal Bank Prices EUR500M 2013 1.75% Covered Bond At 99.759

9th Jun 2010 13:29

LONDON (Dow Jones)--Aareal Bank (ARL.XE) of Germany has priced its EUR500 million, 2013-dated covered bond at 25 basis points over midswaps, one of the banks working on the deal said Wednesday. Barclays PLC, DZ Bank, HSBC Holdings PLC, Landesbank Baden-Wuerttemberg and UniCredit SpA are joint-lead managers of the deal. Terms are as follows: Amount: EUR500 million Maturity: Sept. 16, 2013 Coupon: 1.75% Reoffer Price: 99.759 Payment Date: June 16, 2010 Spread: 25 basis points over midswaps Denominations: EUR1,000 Listing: Frankfurt -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 09, 2010 08:29 ET (12:29 GMT)