Sparebanken Prices EUR1 Bln 2015 2.5% Covered Bond At 99.884

LONDON (Dow Jones)--Sparebanken 1 Boligkreditt AS has priced its EUR1 billion, five-year, covered bond at 45 basis points over midswaps, one of the banks leading the deal said Wednesday. Barclays Capital, Credit Suisse Group, Danske Bank AS, Societe Generale SA and UniCredit SpA were lead managers on the deal, which is backed by Norwegian prime residential mortgages. Terms are as follows: Amount: EUR1 billion Maturity: June 23, 2015 Coupon: 2.5% Reoffer Price: 99.884 Payment Date: June 23, 2010 Spread: 45 basis points over midswaps Debt Ratings: Aaa (Moody's) AAA (Fitch) Interest: Annual -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; art.patnaude@dowjones.com (END) Dow Jones Newswires June 16, 2010 09:51 ET (13:51 GMT)