By Andrea Heisinger
Omaha, May 29 - Landwirtschaftliche Rentenbank priced $1.25 billion 4.125% five-year senior unsecured notes (Aaa/AAA/) on Thursday to yield Treasuries plus 70.7 basis points, according to an FWP filing with the Securities and Exchange Commission and an informed source.
The notes priced at 99.775.
Bookrunners were Goldman Sachs & Co., RBC Capital Markets and RBS Greenwich Capital.
Co-managers were Barclays Bank plc, Credit Suisse Securities (Europe) Ltd., Dresdner Bank AG London branch, HSBC Bank plc, J.P. Morgan Securities Inc. and The Toronto-Dominion Bank.
Proceeds will be used to finance lending activities, including refinancing existing liabilities.
The financial institution for the German agriculture and food industry is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Issue: | Senior unsecured notes
|
| Amount: | $1.25 billion
|
| Maturity: | July 15, 2013
|
| Bookrunners: | Goldman Sachs & Co., RBC Capital Markets, RBS Greenwich Capital
|
| Co-managers: | Barclays Bank plc, Credit Suisse Securities (Europe) Ltd., Dresdner Bank AG London branch, HSBC Bank plc, J.P. Morgan Securities Inc., Toronto-Dominion Bank
|
| Coupon: | 4.125%
|
| Price: | 99.775
|
| Spread: | Treasuries plus 70.7 bps
|
| Trade date: | May 29
|
| Settlement date: | June 5
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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