August 22, 2017 / 6:57 AM / a year ago

WL bank starts marketing EUR500m 10yr hypo pfand at MS-11 area

LONDON, Aug 22 (IFR) -

* Guidance MS-11 area for EUR500m no-grow size. Pricing today. Due 30 Aug 2027, pay 30 Aug, German law, Duesseldorf listing, 100k/100k denoms. ISIN DE000A2BPJ86. (7:51am)

WL BANK AG has mandated DZ BANK, ERSTE GROUP, Helaba, Natixis and NORD/LB as joint bookrunners for its upcoming EUR500m (no grow) Hypothekenpfandbrief (mortgage covered bond) benchmark transaction. The deal will have a 10-year maturity and is expected to be rated AAA by S&P. The issue will be launched in the near future subject to market conditions. (Aug 21) (Reporting by Julian Baker)

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