Danske Bank Sets 12-Year Covered Bond Pricing At Swaps +0.75 Area

16th Jun 2010 08:46

LONDON (Dow Jones)--Danske Bank AS (DANSKE.KO) has set price guidance on its 12-year covered bond in the area of 75 basis points over mid-swaps, one of the banks running the sale said Wednesday. The bond will be at least EUR500 million in size and is expected to price later Wednesday, subject to market conditions. Barclays Capital, BNP Paribas SA, Danske Bank and HSBC Holdings PLC are lead managers on the deal. Danske Bank is rated triple-A by all three major ratings agencies. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 16, 2010 03:46 ET (07:46 GMT)