BLG Building Materials##

   By Ben Edwards 
 

FMS Wertmanagement, the so-called 'bad bank' of Germany's Hypo Real Estate Group, is planning a benchmark-size, euro-denominated bond, maturing in January 2020, one of the banks running the deal said Monday.

Initial price thoughts are in the area of 10 basis points over midswaps.

Bayern LB, Deutsche Bank AG, HSBC Holdings PLC and UBS are the lead managers of the sale, which is expected to price Tuesday.

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

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