BREJY mBank SA (PK)

   By Ben Edwards 
 

Polish lender BRE Bank SA (BRE.WA) priced a 500 million euro ($645.3 million), three-year, senior unsecured bond, one of the banks running the deal said Thursday.

The bond was issued through its subsidiary, BRE Finance France SA.

Bank of America Merrill Lynch, Commerzbank AG and UBS AG were the lead managers of the sale, which has the following terms:

 
Amount:           EUR500 million 
Maturity:         Oct. 12, 2015 
Coupon:           2.75% 
Reoffer Price:    99.779 
Payment Date:     Oct. 12, 2012 
Spread:           225 basis points over midswaps 
Debt Ratings:     Baa2 (Moody's) 
                  A (Fitch) 
Denominations:    EUR1,000 
Listing:          Luxembourg 
Interest:         Annual 
 

Write to Ben Edwards at ben.edwards@dowjones.com