Published on 2/11/2015 in the Prospect News Agency DailyProspect News Investment Grade Daily.
New Issue: Rentenbank sells $500 million 1.625% 5.5-year notes at mid-swaps minus 1 bp
By Aleesia Forni
Virginia Beach, Feb. 11 – Landwirtschaftliche Rentenbank priced $500 million of 1.625% notes (Aaa/AAA/AAA) due Aug. 18, 2020 at mid-swaps minus 1 basis point on Tuesday, according to an informed source.
Goldman Sachs & Co., J.P Morgan Securities LLC and Societe Generale managed the sale.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Aug. 18, 2020
|
| Bookrunners: | Goldman Sachs & Co., J.P Morgan Securities LLC, Societe Generale
|
| Coupon: | 1.625%
|
| Spread: | Mid-swaps minus 1 bp
|
| Trade date: | Feb. 10
|
| Settlement date: | Feb. 18
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
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