New Issue: Germany's EAA prices $500 million two-year floaters at Libor plus 12 bps

By Aleesia Forni

Virginia Beach, Feb. 4 - Germany's Erste Abwicklungsanstalt priced a $500 million issue of floating-rate notes due Feb. 11, 2016 on Tuesday with a coupon of Libor plus 12 basis points at par, a market source said.

Deutsche Bank Securities Inc., Barclays, Citigroup Global Markets Inc. and Goldman Sachs & Co. were the joint bookrunners.

The public law agency is charged with winding up portfolios transferred to it and is based in Dusseldorf.

Issuer:	Erste Abwicklungsanstalt
Issue:	Floating-rate notes
Amount:	$500 million
Maturity:	Feb. 11, 2016
Bookrunner:	Deutsche Bank Securities Inc., Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co.
Coupon:	Libor plus 12 bps
Price:	Par
Yield:	Libor plus 12 bps
Trade date:	Feb. 4
Settlement date:	Feb. 11

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