AAALY Aareal Bank AG (PK)

By Serena Ruffoni

The prospect of Wednesday night's U.S. Federal Open Market Committee decision and Fed Chairman Ben Bernanke's press conference kept European credit markets calm all day Wednesday.

A couple of bonds from safe companies priced. All eyes are now set on tomorrow morning's market reaction to the Fed decision and what Mr. Bernanke says about the possibility of slowing down bond purchases now that the U.S. economy is doing better.

CDS:

iTraxx Europe index: 1 BP tighter at 107 BPs

iTraxx Crossover index: 1 BP tighter at 442 BPs

NEW ISSUES:

Bacardi Prices EUR650M 2.75% 2023 Bond at 99.862

Aareal Bank Prices EUR500M 1% 2018 Bond at 99.487, Swaps +0.05

(Ben Edwards contributed to this report.)

Write to Serena Ruffoni at serena.ruffoni@dowjones.com