Rentenbank talks five-year bullet notes at mid-swaps plus 17 bps area

By Andrea Heisinger

New York, Sept. 4 - Landwirtschaftliche Rentenbank announced an offering of five-year notes on Tuesday in a filing with the Securities and Exchange Commission.

The deal is being talked in the mid-swaps plus 17 basis points area.

The notes (Aaa/AAA/AAA) do not have a call option.

Goldman Sachs International, HSBC Securities (USA) LLC and Nomura Securities International Inc. are the bookrunners.

Proceeds will be used to finance lending activities.

The German development agency for agribusiness is based in Frankfurt.

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