By Devika Patel
Knoxville, Tenn., April 17 – Landwirtschaftliche Rentenbank priced $1.25 billion of 1.75% notes due Jan. 14, 2027 (Aaa/AAA/AAA) at 105.831 on Friday, according to a market source.
J.P. Morgan Securities plc is the stabilization coordinator, and Goldman Sachs International and Nomura are the stabilization managers.
The notes are guaranteed by Germany.
The German development agency for agribusiness is based in Frankfurt.
Issuer: | Landwirtschaftliche Rentenbank
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Guarantor: | Germany
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Amount: | $1.25 billion
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Description: | Notes
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Maturity: | Jan. 14, 2027
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Bookrunners: | J.P. Morgan Securities plc, Goldman Sachs International and Nomura
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Coupon: | 1.75%
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Price: | 105.831
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Trade date: | April 17
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Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Fitch: AAA
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