Published on 2/11/2016 in the Prospect News Investment Grade Daily.
New Issue: Rentenbank sells $750 million five-year floaters at Libor plus 35 bps
By Aleesia Forni
New York, Feb. 11 – Landwirtschaftliche Rentenbank sold $750 million of five-year floating-rate senior notes on Thursday at par to yield Libor plus 35 basis points, according to an informed source.
The notes (Aaa/AAA/AAA) sold in line with talk.
BofA Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and TD Securities managed the sale.
The German development agency for agribusiness is based in Frankfurt.
Issuer: | Landwirtschaftliche Rentenbank
|
Amount: | $750 million
|
Description: | Floating-rate senior notes
|
Maturity: | Feb. 19, 2021
|
Lead managers: | BofA Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., TD Securities
|
Coupon: | Libor plus 35 bps
|
Price: | Par
|
Yield: | Libor plus 35 bps
|
Trade date: | Feb. 11
|
Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
Price guidance: | Libor plus 35 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.