By Aleesia Forni
Virginia Beach, Sept. 3 – Germany’s Landwirtschaftliche Rentenbank priced $500 million of 1.875% notes (Aaa/AAA/AAA) due Jan. 22, 2020 on Wednesday at mid-swaps flat, a market source said.
The notes sold in line with talk.
Pricing was at 99.776 to yield 1.92%.
The bookrunners were Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Societe Generale.
The German development agency for agribusiness is based in Frankfurt.
Issuer: | Landwirtschaftliche Rentenbank
|
Amount: | $500 million
|
Description: | Notes
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Maturity: | Jan. 22, 2020
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Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Societe Generale
|
Coupon: | 1.875%
|
Price: | 99.776
|
Yield: | 1.92%
|
Spread: | Mid-swaps flat
|
Trade date: | Sept. 3
|
Settlement date: | Sept. 10
|
Ratings: | Moody’s: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
Price talk: | Mid-swaps flat area
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