By Aleesia Forni
Virginia Beach, Jan. 14 - Landwirtschaftliche Rentenbank tapped its existing issue of floating-rate notes (Aaa/AAA/AAA) due Dec. 5, 2018 to add $200 million in Tuesday's session, according to an informed source.
The notes have a coupon of Libor plus 11 basis points and were priced at 100.0056.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. were the bookrunners.
The total issue size is now $700 million.
The notes are guaranteed by the Federal Republic of Germany.
The German development agency for agribusiness is based in Frankfurt.
Issuer: | Landwirtschaftliche Rentenbank
|
Guarantor: | Federal Republic of Germany
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Issue: | Add-on to floating-rate notes
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Amount: | $200 million
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Maturity: | Dec. 5, 2018
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Coupon: | Libor plus 11 bps
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Price: | 100.0056
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Yield: | Libor plus 11 bps
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Trade date: | Jan. 14
|
Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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| Fitch: AAA
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Total issue size: | $700 million
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