Rentenbank intends to sell $500 million five-year floating-rate notes at Libor plus 25 bps area

By Lisa Kerner

Charlotte, N.C., May 25 – Landwirtschaftliche Rentenbank announced it will offer $500 million of floating-rate notes due June 3, 2021 in the area of Libor plus 25 bps.

Deutsche Bank AG, London Branch, Barclays and HSBC Securities (USA) Inc. are the managers for the Rule 144A and Regulation S offering.

The notes are expected to price on Wednesday.

The German development agency for agribusiness is based in Frankfurt.

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