Rentenbank launches $1.5 billion of 10-year senior notes at mid-swaps plus 20 bps

By Cristal Cody

Tupelo, Miss., Aug. 25 – Landwirtschaftliche Rentenbank (Aaa/AAA/AAA) launched a $1.5 billion registered offering of 10-year senior notes on Tuesday at mid-swaps plus 20 basis points, according to a market source.

Initial price talk was in the mid-swaps plus 21 bps 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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