By Andrea Heisinger
New York, Feb. 25 - Landwirtschaftliche Rentenbank AG sold $1 billion of four-year notes (Aaa/AAA/AAA) on Thursday to yield Treasuries plus 95.3 basis points, an informed source said.
Full terms were not available at press time as the deal was done off London syndicate desks.
The notes were sold via Rule 144A.
Barclays Capital, HSBC Securities and RBC Capital Markets were the bookrunners.
The lender to Germany's agriculture and food industry is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank AG
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | 2014
|
| Bookrunners: | Barclays Capital, HSBC Securities, RBC Capital Markets
|
| Spread: | Treasuries plus 95.3 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | Feb. 25
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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