By Sarka Halas

Nordea Bank Finland has set pricing on its euro-denominated, seven-year covered bond at around the high-teens over the reference midswaps rate, one of the banks running the deal said Tuesday.

Deutsche Bank, HSBC, Nordea, and Societe Generale are the lead managers on the deal which is expected to price later Tuesday.

The issuer is rated triple-A by Moody's.

Write to Sarka Halas at sarka.halasova@dowjones.com