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Lower Saxony Launches EUR500 Million 2% 2012 Bond At 101.08

LONDON -(Dow Jones)- The German Federal State of Lower Saxony has launched EUR500 million of fixed-rate federal treasury notes due May 15, 2012, one of the lead managers on the deal said Thursday.

The deal, which launched at a reoffer price of 100.08, pays a fixed rate coupon of 2.00%.

NORD LB and WGZ Bank led the deal, which will be sold in denominations of EUR1,000.

The bonds are listed on the Hannover Stock Exchange.

-By Michael Wilson, Dow Jones Newswires; 44 20 7842 9349; michael.wilson@ dowjones.com

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  11-05-090425ET
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