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Germany's BHH plans EUR500m two year bond.

Global Banking News-13 August 2009-Germany's BHH plans EUR500m two year bond(C)2009 ENPublishing -

Global Banking News - 13 August 2009(c)2005 - Electronic News Publishing -

German bank Berlin-Hannoversche Hypothekenbank AG (BHH) (BHH.XE) is planning to sell a EUR500m, two-year bond at a spread of around 85 basis points over mid-swaps, Dow Jones has reported citing one of the lead managers.

The bank has hired Commerzbank AG (CBK.DE) (OTC: CRZBY), DZ Bank, Landesbank Baden-Wuerttemberg and UniCredit SpA (UCG.MI) (OTCBB: UNCFF) (CRDI.MI) (CRDI.F) (CRDI.WA) (LSE: UNC) to lead manage the deal, which is expected to be priced later in the session.

The issuer is rated 'A+' Fitch Ratings Inc.

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Publication:Global Banking News (GBN)
Date:Aug 13, 2009
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