New Issue-Nordea Eiendomskreditt sells $2 bln in 2 parts

  March 29 (Reuters) - Nordea Eiendomskreditt AS on Tuesday
sold $2 billion of covered bonds in two parts in the 144a
private placement market, said IFR, a Thomson Reuters service.
  Bank of America Merrill Lynch, Barclays, Deutsche Bank and
JP Morgan were the joint bookrunning managers for the sale.
BORROWER: NORDEA EIENDOMSKREDITT AS
TRANCHE 1                                                
AMT $1 BLN        COUPON 3-MO LIBOR   MATURITY 4/7/2014  
                +42 BPS                              
TYPE BNDS         ISS PRICE 100.00    FIRST PAY 7/7/2011 
MOODY'S Aaa       YIELD N/A           SETTLEMENT 4/7/2011
S&P TRIPLE-A      SPREAD N/A          PAY FREQ QUARTERLY 
FITCH N/A                             NON-CALLABLE N/A   
TRANCHE 2                                                
AMT $1 BLN        COUPON 1.875 PCT    MATURITY 4/7/2014  
TYPE BNDS         ISS PRICE 99.68     FIRST PAY 10/7/2011
MOODY'S Aaa       YIELD N/A           SETTLEMENT 4/7/2011
S&P TRIPLE-A      SPREAD 68.5 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE N/A   


New Issue-Nordea Eiendomskreditt sells $2 bln in 2 parts