By Rebecca Melvin
New York, Feb. 4 – Landwirtschaftliche Rentenbank priced $500 million 1.75% seven-year notes at 99.693, according to a post-stabilization notice on Tuesday.
Deutsche Bank Securities Inc. was the stabilization coordinator. Deutsche Bank, BofA Securities, Inc. and Goldman Sachs & Co. were the stabilization managers.
Proceeds will be used to finance lending activities.
The German development agency for agribusiness is based in Frankfurt.
Issuer: | Landwirtschaftliche Rentenbank
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Guarantor: | Federal Republic of Germany
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Amount: | $500 million
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Description: | Notes
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Maturity: | Jan. 14, 2027
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Bookrunners: | Deutsche Bank Securities Inc., BofA Securities, Inc. and Goldman Sachs & Co.
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Coupon: | 1.75%
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Price: | 99.693
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Announcement date: | Feb. 4
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