Germany's L-Bank Sets Guidance On EUR1 Billion Five-Year Bond

28th Jul 2010 08:50

LONDON (Dow Jones)--Landeskreditbank Baden-Wuerttemberg, or L-Bank, has set guidance on its EUR1 billion, 2015-dated bond between five and four basis points below midswaps, one of the banks running the sale said Wednesday. Barclays Capital PLC, Commerzbank AG, JPMorgan Chase & Co. and UniCredit SpA are joint-lead managers of the deal, which guaranteed by the German Federal State of Baden-Wuerttemberg. L-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 July 28, 2010 03:50 ET (07:50 GMT)