Rentenbank’s 10-year notes talked at mid-swaps plus 40 bps area

By Lisa Kerner

Charlotte, N.C., July 19 – Landwirtschaftliche Rentenbank’s offering of 10-year benchmark notes is being talked in the mid-swaps plus 40 bps area, according to a company news release.

Deutsche Bank Securities Inc., Nomura, Societe Generale, TD Securities (USA) LLC and SG CIB are the joint bookrunners.

Proceeds will be used to refinance lending activities, including the refinancing of existing liabilities, according to a form 424B5 filed with the Securities and Exchange Commission.

The German development agency for agribusiness is based in Frankfurt.

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