Berlin Said to Sell 150 Million Euros of 2017 Floating Notes

The German state of Berlin is adding 150 million euros to its floating-rate notes due in February 2017, according to two people with knowledge of the sale.

The notes may be priced to yield 23 basis points more than Euribor, the people said. Dekabank and UniCredit SpA (UCG) are managing the re-opening.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

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

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