Rentenbank announces plan to conduct $500 million sale of notes

By Devika Patel

Knoxville, Tenn., Jan. 7 – Landwirtschaftliche Rentenbank intends to price a $500 million offering of notes, according to an announcement.

The stabilization period began on Tuesday and will last until Feb. 11.

Deutsche Bank Securities Inc. is the stabilization coordinator. Deutsche Bank Securities Inc., BofA Securities, Inc. and Goldman Sachs & Co. 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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