Rentenbank to sell $250 million tap of three-year fixed-rate notes

By Devika Patel

Knoxville, Tenn., Nov. 30 – Landwirtschaftliche Rentenbank intends to price a $250 million add-on to its $1.75 billion of outstanding over-the-counter three-year Regulation S fixed-rate notes, which will take the total outstanding up to $2 billion, according to an announcement.

The stabilization period began on Thursday and will last until Dec. 29.

J.P. Morgan Securities LLC is the stabilization coordinator. J.P. Morgan Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. are the stabilization managers.

Proceeds will be used to finance lending activities.

The German development agency for agribusiness is based in Frankfurt.

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