By Andrea Heisinger
New York, Sept. 20 - Landwirtschaftliche Rentenbank priced $250 million of five-year floating-rate notes on Thursday at par to yield Libor plus 8 basis points, a market source said.
The floaters were priced in line with guidance.
The notes (Aaa/AAA/AAA) have no call option.
Deutsche Bank Securities Inc. was the bookrunner.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Issue: | Floating-rate notes
|
| Amount: | $250 million
|
| Maturity: | Sept. 27, 2017
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Coupon: | Libor plus 8 bps
|
| Price: | Par
|
| Yield: | Libor plus 8 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 20
|
| Settlement date: | Sept. 27
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | Libor plus 8 bps area
|
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