UBS Said to Sell Five-Year Euro-Denominated Covered Bonds

UBS AG (UBSN) is selling five-year covered bonds in euros, according to a banker involved in the transaction.

The five-year bonds may be priced to yield in the low 60 basis-point area over the benchmark swap rate today, the banker said. BNP Paribas SA, Commerzbank AG, ING Groep NV, Natixis and UniCredit SpA (UCG) are managing the deal with UBS.

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.