Credit Suisse said to plan five-year covered bond sale in euros

Credit Suisse Group AG plans to sell five-year covered bonds in euros, according to a banker involved in the transaction.

Commerzbank AG, Credit Agricole SA, Credit Suisse Group Group AG, Danske Bank AG, ING Groep NV and NordLB will manage the deal, backed by prime Swiss residential mortgages. The deal will have top credit ratings, the banker said.