By Andrea Heisinger
New York, May 23 - Landwirtschaftliche Rentenbank sold $1.5 billion of 2.125% global notes due 2016 on Monday to yield mid-swaps plus 14 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA) were sold at 99.741. They are non-callable.
Bookrunners were Credit Suisse Securities LLC, J.P. Morgan Securities LLC and RBC Capital Markets LLC.
Co-lead managers were ANZ Securities Inc., Daiwa Capital Markets Europe Ltd., Scotia Capital (USA) Inc., TD Securities (USA) LLC and Westpac Banking Corp.
Proceeds will be used to finance lending activities, including refinancing existing liabilities.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Issue: | Global notes
|
| Amount: | $1.5 billion
|
| Maturity: | July 15, 2016
|
| Bookrunners: | Credit Suisse Securities LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC
|
| Co-lead managers: | ANZ Securities Inc., Daiwa Capital Markets Europe Ltd., Scotia Capital (USA) Inc., TD Securities (USA) LLC, Westpac Banking Corp.
|
| Coupon: | 2.125%
|
| Price: | 99.741
|
| Spread: | Mid-swaps plus 14 bps
|
| Call: | Non-callable
|
| Trade date: | May 23
|
| Settlement date: | May 31
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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