Germany's Aareal Bank AG (ARL.XE) is to price its EUR500 million, senior unsecured bond, maturing August 2015, at 200 basis points over midswaps, one of the banks running the deal said Wednesday.

Commerzbank AG, DZ Bank, LBBW and UniCredit SpA are the lead managers on the sale.

The issuer is rated A- by Fitch Ratings.

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

ben.edwards@dowjones.com

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