Germany's EAA guides three-year notes in low 20 bps area over mid-swaps

By Aleesia Forni

Virginia Beach, Feb. 19 - Germany's Erste Abwicklungsanstalt announced guidance on Wednesday for its planned benchmark offering of three-year notes, according to a syndicate source.

The notes are being guided in the low 20 basis points area over mid-swaps.

Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. and Daiwa Securities are the joint bookrunners.

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

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