By Ben Edwards

Norwegian telecommunications company Telenor ASA (TEL.OS) is planning a benchmark-size, euro-denominated, 12-year bond, one of the banks running the deal said Friday.

Suggested pricing is 85-90 basis points over midswaps.

Goldman Sachs, ING Bank NV, Morgan Stanley and Nordea are the lead managers of the sale.

The issuer is rated A3 by Moody's Investors Service Inc. and A- by Standard & Poor's Corp.

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

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