By Aleesia Forni
Virginia Beach, March 14 – Germany’s Landwirtschaftliche Rentenbank priced a $500 million add-on to its existing 2.375% notes due 2021 at mid-swaps plus 6 basis points on Wednesday, according to a market source.
The notes (Aaa/AAA/AAA) priced at 100.72.
Credit Agricole, Goldman Sachs & Co. and TD Securities were the bookrunners.
The total issue size is now $1 billion, including $500 million priced on March 14 at mid-swaps plus 15 bps.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
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| Amount: | $500 million
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| Description: | Add-on to existing notes
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| Maturity: | March 24, 2021
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| Bookrunners: | Credit Agricole, Goldman Sachs & Co., TD Securities
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| Coupon: | 2.375%
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| Price: | 100.72
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| Spread: | Mid-swaps plus 6 bps
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| Trade date: | July 16
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| 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: | $1 billion
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