By Rebecca Melvin
New York, Feb. 4 – Landwirtschaftliche Rentenbank priced $500 million 1.75% seven-year notes at 99.693, according to a post-stabilization notice on Tuesday.
Deutsche Bank Securities Inc. was the stabilization coordinator. Deutsche Bank, BofA Securities, Inc. and Goldman Sachs & Co. were the stabilization managers.
Proceeds will be used to finance lending activities.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Guarantor: | Federal Republic of Germany
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Jan. 14, 2027
|
| Bookrunners: | Deutsche Bank Securities Inc., BofA Securities, Inc. and Goldman Sachs & Co.
|
| Coupon: | 1.75%
|
| Price: | 99.693
|
| Announcement date: | Feb. 4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
