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FRANKFURT - Landwirtschaftliche Rentenbank announced on Tuesday the launch of a €1 billion senior unsecured green bond with a maturity date of July 8, 2032, according to a press release statement.
The notes will be issued under the German state-owned bank’s Medium Term Note (MTN) program dated May 7, 2025. The securities will be listed on the Luxembourg Stock Exchange’s Regulated Market with denominations of €1,000.
Commerzbank AG (OTC:CRZBY) will serve as the stabilization coordinator for the offering, with Landesbank Baden-Württemberg (LBBW), The Toronto Dominion Bank (NYSE:TD), and UBS AG London Branch acting as stabilizing managers. The stabilization period is expected to begin on July 1, 2025, and continue for no more than 30 days after the issue date.
The stabilizing managers may over-allot securities to the extent permitted by applicable law and may conduct transactions to support the market price of the securities during the stabilization period.
This green bond issuance represents Rentenbank’s continued participation in sustainable finance markets. As Germany’s development agency for agribusiness, Rentenbank provides loans for agriculture-related projects and infrastructure.
The offer price has not yet been determined, according to the announcement.
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