By Serena Ruffoni
FMS Wertmanagement, the "bad bank" of Germany's Hypo Real Estate Group, plans a 500 million euro ($605 million) tap of its bond maturing July 2017, said one of the banks on the deal Wednesday.
Price guidance is four basis points below the midswap rate.
Commerzbank, Goldman Sachs, Morgan Stanley and UniCredit are lead managers on the bond issue.
The issuer is rated triple-A by all three ratings companies.
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(END) Dow Jones Newswires
July 25, 2012 04:28 ET (08:28 GMT)
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