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Germany's Rentenbank guides $1 billion five-year notes at 12 bps over mid-swaps
By Aleesia Forni
Virginia Beach, Feb. 11 - Landwirtschaftliche Rentenbank announced price guidance for its planned $1 billion offering of notes due 2019 on Tuesday in the area of 12 basis points over mid-swaps, according to market sources.
The bookrunners are Citigroup Global Markets Inc., Daiwa Capital Markets Europe, Goldman Sachs International and TD Securities.
Proceeds will be used to finance the bank's lending activities, according to a 424B5 filed with the Securities and Exchange Commission.
The notes are guaranteed by the Federal Republic of Germany.
The German development agency for agribusiness is based in Frankfurt.
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