Rentenbank to price notes due 2029 on Wednesday; talk SOFR mid-swaps plus 38 bps area

By Marisa Wong and Cristal Cody

Los Angeles, April 10 – Rentenbank is offering global notes due April 17, 2029 talked in the SOFR mid-swaps plus 38 basis points area, according to a market source.

The notes are expected to price on Wednesday.

BofA Securities Europe SA, CIBC Capital Markets (Europe) SA, Nomura Financial Products Europe GmbH and Scotiabank (Ireland) DAC are the bookrunners, as previously reported.

Deutsche Bank Trust Co., Americas will be working as the fiscal agent.

Sullivan & Cromwell LLP is working as a legal adviser for the issuer along with in-house counsel. Hogan Lovells US LLP and Hogan Lovells International LLP are advising the underwriters.

The notes will be non-callable except in the event of certain changes in tax laws.

Proceeds will be used to finance lending activities, including to refinance existing liabilities.

The notes will be listed on the Luxembourg Stock Exchange.

The German development agency for agribusiness is based in Frankfurt.

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