FMS guides benchmark notes due 2022 at mid-swaps plus 14 bps

By Devika Patel

Knoxville, Tenn., July 25 – FMS Wertmanagement (Aaa/AAA) is expected to price its up to $1.9 billion offering of fixed-coupon global benchmark notes due Aug. 1, 2022 at guidance of mid-swaps plus 14 basis points, according to a market source.

Settlement is expected on Aug. 1.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. and RBC Capital Markets Corp. are the lead managers for the issue.

Munich-based FMS Wertmanagement is a German state-owned wind-down agency.

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