By Andrea Heisinger
New York, Sept. 15 - Landwirtschaftliche Rentenbank sold $2.25 billion 1.875% three-year senior notes Tuesday that are backed by the German government, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes (Aaa/AAA/AAA) priced at 99.791.
The spread and yield were not available at press time.
The deal went overnight after being announced late Monday, a source close to the sale said.
J.P. Morgan Securities, Morgan Stanley and RBC Capital Markets were bookrunners.
Co-managers were ANZ Securities, DZ Bank AG Deutsche Zentral- Genossenschaftsbank, Mizuho International, Nomura International and Nordea Bank Danmark.
Proceeds are being used to finance lending.
The bank provides financing to the agriculture and food industry in Germany and is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Issue: | Senior notes, backed by German government
|
| Amount: | $2.25 billion
|
| Maturity: | Sept. 24, 2012
|
| Bookrunners: | J.P. Morgan Securities, Morgan Stanley, RBC Capital Markets
|
| Co-managers: | ANZ Securities, DZ Bank AG Deutsche Zentral- Genossenschaftsbank, Mizuho International, Nomura International, Nordea Bank Danmark
|
| Coupon: | 1.875%
|
| Price: | 99.791
|
| Call: | Non-callable
|
| Trade date: | Sept. 15
|
| Settlement date: | Sept. 24
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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