By Ben Edwards

Austrian regional bank Hypo Noe Gruppe is planning to sell 500 million euros ($655 million) of five-year bonds, one of the banks running the deal said Wednesday.

Suggested pricing is in the area of 95 basis points over midswaps.

BayernLB, DZ Bank, Erste Bank, Nykredit and UniCredit are lead managers of the sale.

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

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