By Andrea Heisinger
New York, Jan. 5 - Landwirtschaftliche Rentenbank sold $1 billion of 2.5% five-year notes on Wednesday at a spread of 46.85 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) were priced at 99.671 to yield 2.569%. They are non-callable.
Deutsche Bank Securities Inc., Goldman Sachs & Co. and UBS Ltd. were the bookrunners.
Co-managers were BNP Paribas Securities Corp., Daiwa Capital Markets Europe Ltd., Nomura International plc, Societe Generale and TD Securities USA LLC.
The German agricultural lender is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | Feb. 15, 2016
|
| Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co., UBS Ltd.
|
| Co-managers: | BNP Paribas Securities Corp., Daiwa Capital Markets Europe Ltd., Nomura International plc, Societe Generale, TD Securities USA LLC
|
| Coupon: | 2.5%
|
| Price: | 99.671
|
| Yield: | 2.569%
|
| Spread: | Treasuries plus 46.85 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 5
|
| Settlement date: | Jan. 12
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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