By Andrea Heisinger
New York, March 4 - Landwirtschaftliche Rentenbank priced $500 million of three-year floating-rate medium-term notes early Friday at par to yield three-month Libor plus 20 basis points, a source away from the deal said.
The notes (Aaa/AAA/) are non-callable and were sold under Rule 144A.
Bookrunners were Credit Suisse Securities and Goldman Sachs & Co.
The German development agency for agribusiness is based in Frankfurt.
Issuer: | Landwirtschaftliche Rentenbank
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Issue: | Floating-rate medium-term notes
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Amount: | $500 million
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Maturity: | March 15, 2016
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Bookrunners: | Credit Suisse Securities, Goldman Sachs & Co.
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Coupon: | Three-month Libor plus 20 bps
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Price: | Par
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Yield: | Three-month Libor plus 20 bps
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Call: | Non-callable
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Distribution: | Rule 144A
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Trade date: | March 4
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Settlement date: | March 15
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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