Nederlandse Waterschapsbank NV, also known as NWB Bank, is planning a euro-denominated, benchmark five-year bond, one of the banks leading the deal said Monday.

Initial price guidance is set between 60 and 65 basis points over midswaps, one of the banks managing the deal said.

Barclays Plc, Citigroup Inc. and Natixis SA are lead managers on the triple-A rated issue, which is expected to price later Monday.

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

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