Deutsche Kreditbank plans debut covered bond -IFR

LONDON, July 6 (Reuters) - Deutsche Kreditbank [DEUKRD.UL] plans a debut covered bond over five-years worth 500 million euros ($698.9 million), IFR reported on Monday.

Barclays Capital, Bayerische Landesbank, Commerzbank and DZ Bank are to manage the issue, said IFR Markets, a Thomson Reuters online news and market analysis service.

Pricing is expected later this week, subject to market conditions, IFR said. ($1=.7154 Euro) (Editing by Simon Jessop)