By Cristal Cody
Tupelo, Miss., Nov. 6 – Landwirtschaftliche Rentenbank (Aaa/AAA/AAA) priced $1.25 billion of 3.125% five-year notes on Tuesday at 99.551, according to an FWP filing with the Securities and Exchange Commission.
The issue was initially talked to price in the mid-swaps plus 6 basis point area.
HSBC Bank plc, RBC Capital Markets LLC, Societe Generale and Toronto-Dominion Bank were the bookrunners.
Proceeds will be used to finance lending activities.
The German development agency for agribusiness is based in Frankfurt.
| Issuer: | Landwirtschaftliche Rentenbank
|
| Amount: | $1.25 billion
|
| Description: | Notes
|
| Maturity: | Nov. 14, 2023
|
| Bookrunners: | HSBC Bank plc, RBC Capital Markets LLC, Societe Generale and Toronto-Dominion Bank
|
| Coupon: | 3.125%
|
| Price: | 99.551
|
| Call feature: | None
|
| Trade date: | Nov. 6
|
| Settlement date: | Nov. 14
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Distribution: | SEC registered
|
| Price talk: | Mid-swaps plus 6 bps area
|
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