Germany’s Rentenbank plans to offer dollar-denominated notes

By Wendy Van Sickle

Columbus, Ohio, April 9 – Landwirtschaftliche Rentenbank is planning to sell fixed-rate notes in the U.S. dollar market, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be non-callable except in the event of certain changes in tax laws.

BofA Securities Europe SA, CIBC Capital Markets (Europe) SA, Nomura Financial Products Europe GmbH and Scotiabank (Ireland) DAC are underwriting the offering.

Deutsche Bank Trust Co., Americas will be working as the fiscal agent.

Sullivan & Cromwell LLP is working as a legal adviser for the issuer along with in-house counsel. Hogan Lovells US LLP and Hogan Lovells International LLP are advising the underwriters.

Proceeds will be used to finance lending activities, including to refinance existing liabilities.

The notes will be listed on the Luxembourg Stock Exchange.

The German development agency for agribusiness is based in Frankfurt.

© 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.