NWB Northwest Air 9.5

   By Ben Edwards 
 

Dutch agency borrower Nederlandse Waterschapsbank NV, or NWB, is planning a benchmark-size, euro-denominated, seven-year bond, one of the banks running the deal said Friday.

Initial price thoughts are in the high 20 basis point-area over midswaps.

Credit Suisse Group AG, Deutsche Bank AG and Royal Bank of Canada are the lead managers of the sale.

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

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