A $200 million issue of Bayerische Landesbank New York Branch 6.20% depository notes, due Feb. 9, 2006, was priced at 99.80 to yield 6.23%, according to MCM CorporateWatch.

The notes, which are callable after seven years, were priced at a spread of 57 basis points more than comparable Treasury securities.

Rated AAA by both Moody's Investors Service and Standard & Poor's, the issue will be sold through underwriters led by Salomon Brothers Inc.

Bayerische Landesbank New York Branch is a full branch of Munich-based Bayerische Landesbank Girozentrale.

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