Germany based Development Bank Landwirtschaftliche Rentenbank has finalised a private placement in the AUD Fixed Rate Kangaroo Bond market. The financing matures in 2031 and was executed by a single dealer.
A Kangaroo bond is an AUD-denominated bond issued by a non-Australian entity in the Australian Foreign Bond market. This bonds is also called a Matilda bond.
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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 | Bond |
| Amount | AUD [Login to see full details] |
| Total Amount including taps | AUD [Login to see full details] |
| Structure | Fixed Rate |
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A Kangaroo bond is an AUD-denominated bond issued by a non-Australian entity in the Australian Foreign Bond market. This bonds is also called a Matilda bond.
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