By Aleesia Forni
Virginia Beach, Feb. 4 – Landwirtschaftliche Rentenbank priced a $350 million add-on to its existing floating-rate notes (Aaa/AAA/AAA) due Jan. 12, 2022 at 100.076, according to an informed source.
The notes have a coupon of Libor plus 4 basis points.
The bookrunners were BofA Merrill Lynch, RBC Capital Markets LLC and TD Securities.
The original $150 million issue sold on Dec. 5.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
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| Amount: | $350 million
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| Description: | Notes
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| Maturity: | Jan. 12, 2022
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| Bookrunners: | BofA Merrill Lynch, RBC Capital Markets LLC, TD Securities
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| Coupon: | Libor plus 4 bps
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| Price: | 100.076
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| Yield: | Libor plus 3 bps
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| Trade date: | Feb. 4
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| Settlement date: | Feb. 11
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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: | $500 million including $150 million priced on Dec. 5
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