Germany based Development Bank Landwirtschaftliche Rentenbank has finalised a private placement in the EUR Fixed Rate Global Medium Term Note market. The financing matures in 2036 and was executed by a single dealer.
A Global Distribution bond is a bond issued in a form that allows it to be traded in both the relevant local (onshore) and the offshore international, also called eurobond, market. To allow for this Global Market bonds typically have two ISINs, one for clearing in the local onshore market and one for clearing in the offshore international eurobond market. It can be denominated in any freely tradeable currency.
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| Issuer Details | |
| Issuer | Landwirtschaftliche Rentenbank |
| LEI | 529900Z3J0N6S0F7CT25 |
| Industry | Government - Development Bank |
| Country | Germany |
| Issuer Description | Landwirtschaftliche Rentenbank, Frankfurt am Main, was set up by statute in 1949 to act as a central refinancing institution for agriculture and the food industry. It is a public law organisation with a mission to promote agriculture and rural areas and is a member of the German Association of Public Sector Banks (Bundesverband Öffentlicher Banken Deutschlands e.V.). The bank, which is under the legal supervision of the German Federal Government and the banking supervision of the Financial Supervisory Agency (BaFin), provides promotional refinancing for all types of projects associated with agriculture or rural areas.. Landwirtschaftliche Rentenbank operates as a government development bank. The Bank provides refinancing for agriculture and rural areas. Landwirtschaftliche Rentenbank serves client in Germany. |
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| Trade Details | |
| Security Type | MTN |
| Amount | EUR [Login to see full details] |
| Total Amount including taps | EUR [Login to see full details] |
| Total Amount Outstanding | EUR [Login to see full details] |
| Total Order Book | EUR [Login to see full details] |
| Structure | Fixed Rate |
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This is a tap of an earlier placement. Login for more details.
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A Global Distribution bond is a bond issued in a form that allows it to be traded in both the relevant local (onshore) and the offshore international, also called eurobond, market. To allow for this Global Market bonds typically have two ISINs, one for clearing in the local onshore market and one for clearing in the offshore international eurobond market. It can be denominated in any freely tradeable currency.
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