Rentenbank talks dollar 10-year notes at mid-swaps plus 21 bps area

By Cristal Cody

Tupelo, Miss., Aug. 24 – Landwirtschaftliche Rentenbank (Aaa/AAA/AAA) plans to price a dollar-denominated registered offering of 10-year senior notes on Tuesday, according to a market source.

Initial price talk is in the mid-swaps plus 21 basis points area.

Goldman Sachs International, Nomura International plc, Scotiabank Europe plc and Toronto-Dominion Bank are the bookrunners.

Proceeds will be used to finance lending activities.

The German development agency for agribusiness is based in Frankfurt.

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