Dutch agency borrower Nederlandse Waterschapsbank NV has set price guidance on its benchmark-size, euro-denominated, 10-year bond, one of the banks running the deal said Wednesday.

Initial guidance is in the area of 60 basis points over midswaps.

BNP Paribas SA, JPMorgan Chase & Co. and UBS AG are the lead managers of the sale.

The issuer is rated triple-A by all three of the major ratings companies.

-By Ben Edwards, Dow Jones Newswires, 44 20 7842 9287;

ben.edwards@dowjones.com

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