By Andrea Heisinger
New York, Jan. 6 - Landwirtschaftliche Rentenbank priced $1.5 billion of 3.125% five-year notes on Wednesday at 99.514, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) are non-callable.
Bookrunners were Credit Suisse Securities, Deutsche Bank Securities and Goldman Sachs & Co. Co-managers were Commerzbank, Nordea Bank Danmark, Royal Bank of Scotland, Toronto-Dominion Bank and UBS Securities.
Proceeds will be used to finance lending activities, including refinancing existing liabilities.
The lender for Germany's agriculture and food industry is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Issue: | Senior unsecured notes
|
| Amount: | $1.5 billion
|
| Maturity: | July 15, 2015
|
| Bookrunners: | Credit Suisse Securities, Deutsche Bank Securities, Goldman Sachs & Co.
|
| Co-managers: | Commerzbank, Nordea Bank Danmark, Royal Bank of Scotland, Toronto-Dominion Bank, UBS Securities
|
| Coupon: | 3.125%
|
| Price: | 99.514
|
| Call: | Non-callable
|
| Trade date: | Jan. 6
|
| Settlement date: | Jan. 13
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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