UBS AG (UBS) has priced its EUR1 billion covered bond, one of the banks leading the deal said Thursday.

Bayerische Landesbank, Banco Bilbao Vizcaya Argentaria SA, Danske Bank, Deutsche Bank AG, Societe Generale AG and UBS are bookrunners on the transaction, which has the following terms.

 
Amount:           EUR1 billion 
Maturity:         April 10, 2015 
Coupon:           2% 
Reoffer Price:    99.579 
Payment Date:     Sept. 1, 2011 
Spread:           27 basis points over midswaps 
Debt Ratings:     Aaa (Moody's) 
                  AAA (Fitch) 
Denominations:    EUR1,000; 
Listing:          Dublin 
Interest:         Annual

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

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