By Aleesia Forni
Virginia Beach, March 14 - Germany's Landwirtschaftliche Rentenbank priced $500 million of 2.375% seven-year notes at mid-swaps plus 15 basis points on Friday, according to a market source.
The notes (Aaa/AAA/AAA) sold in line with talk.
BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. managed the Regulation S sale.
The German development agency for agribusiness is based in Frankfurt.
Issuer: | Landwirtschaftliche Rentenbank
|
Amount: | $500 million
|
Description: | Notes
|
Maturity: | March 24, 2021
|
Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.
|
Coupon: | 2.375%
|
Spread: | Mid-swaps plus 15 bps
|
Trade date: | March 14
|
Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
Price talk: | Mid-swaps plus 15 bps area
|
Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.