Rentenbank plans three-year note sale; pricing expected Tuesday

By Andrea Heisinger

New York, Sept. 14 - Landwirtschaftliche Rentenbank plans to sell three-year notes backed by the German government, according to a 424B5 filing with the Securities and Exchange Commission.

The deal is expected to go overnight and price Tuesday, a source close to the sale said.

J.P. Morgan Securities, Morgan Stanley and RBC Capital Markets are running the books.

Proceeds are being used to finance lending.

The bank provides financing to the agriculture and food industry in Germany and 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.