Rentenbank talks notes at mid-swaps plus 10 bps area; pricing Tuesday

By Aleesia Forni

Virginia Beach, June 2 – Landwirtschaftliche Rentenbank set price talk on Monday for a planned benchmark offering of notes due 2025 in the area of mid-swaps plus 10 basis points, according to an informed source and a filing with the Securities and Exchange Commission

The issue (Aaa/AAA/AAA) is expected to price on Tuesday.

BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities Inc., HSBC Securities and RBC Capital Markets LLC are managing the sale.

Proceeds will be used to finance lending activities, including the refinancing of existing liabilities.

The German development agency for agribusiness is based in Frankfurt.

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