By Andrea Heisinger
New York, March 19 - Landwirtschaftliche Rentenbank reopened its floating-rate notes due June 30, 2016 on Tuesday to add $175 million, a market source said.
The notes (Aaa/AAA/AAA) were priced at par to yield Libor flat.
Total amount outstanding will be $675 million.
The notes are guaranteed by the Federal Republic of Germany.
Morgan Stanley & Co. LLC was the bookrunner.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Guarantor: | Federal Republic of Germany
|
| Issue: | Floating-rate notes
|
| Amount: | $175 million, reopened
|
| Maturity: | June 30, 2016
|
| Bookrunners: | Morgan Stanley & Co. LLC
|
| Coupon: | Libor flat
|
| Price: | Par
|
| Yield: | Libor flat
|
| Call: | Non-callable
|
| Trade date: | March 19
|
| Settlement date: | March 28
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total outstanding: | $675 million
|
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