Rentenbank has raised $1 billion in a debt issue, Reuters reports. The agribusiness agency has sold notes that carry a coupon rate of 2.50% and are due to mature in 2016.
The German bank appointed Deutsche Bank, Goldman Sachs and UBS Investment Bank as managers for the transaction. The notes were priced at 99.671 to yield 2.569%, or 46.85 basis points, over comparable Treasuries. Click here for the story from Reuters.