Press archives
Press releases 2009
Rentenbank plans to keep the Kangaroo market as a strategic source of funding in 2010
Rentenbank, Germany's agency for agribusiness, today announced its plans for the Australian Dollar domestic market in 2010. Rentenbank remains committed to issuing in the Kangaroo market. New issue volume will be in line with previous years. Plans include new issues and well supported increases of outstanding transactions, underpinning the strategic approach to this market. The agency will focus on the five to seven year part of the curve reflecting investor demand. Outstanding A$ MTN issues have an aggregate volume of A$ 5.7bn making Rentenbank the 3rd largest Kangaroo issuer. The borrow...
read moreRentenbank plans to raise around EUR 10bn in 2010
Rentenbank plans to raise approximately EUR 10bn of medium and long-term funding in 2010. This figure includes all transactions in the capital markets with maturities of more than two years. The promotional bank will issue up to four benchmark bonds in the coming year in medium-term maturities with a minimum volume of EUR/USD 1bn each. In addition, Rentenbank plans liquid issues in other currencies. These transactions will be complemented by smaller public issues and private placements in various currencies and different structures. While domestic placement dominated the funding this year w...
read moreRentenbank issues its largest ever US-Dollar Global Benchmark Bond
With a volume of $ 2.25 bn., Rentenbank, based in Frankfurt am Main, has successfully placed its largest ever benchmark US Dollar bond. The three-year global bond is the first US Dollar benchmark bond from Rentenbank since May 2008. In particular, Rentenbank was able to substantially increase its investor base in the USA. 60 % of the volume was taken up by American investors followed by Asian accounts with 22 %, while European investors accounted for an amount of 15 %. As the bank further advised, almost half of the demand was from asset managers followed by central banks with a share of 35...
read morePositive half-yearly figures for Rentenbank: Promotional lending volume and operating result above prior year
Demand for special promotional loans up 7.2%, growth fueled by renewable energies, farm buildings and machinery Higher proportion of domestic investors in new issues Net interest income and operating result with double-digit growth, total capital ratio increases to 22.7% Rentenbank, the German development agency for agribusiness, experienced increases in promotional lending volume and another significant improvement of its financial performance during the first half of 2009. As stated in Rentenbank's half-yearly financial report published today, further growth was fueled by special promot...
read moreGood start to 2009: Rentenbank increases promotional business and operating result
1st quarter of 2009: Volume of low-interest special promotional loans granted remains high, new promotional offers available to ensure liquidity in the agribusiness, new issuing business with stronger focus on domestic banks and insurance companies, double-digit growth in operating result Fiscal year 2008: Lending volume and operating result surpass record year of 2007, favourable margin trend enables significantly higher promotional business, cost-income ratio at 10.9% At the press conference on the 2008 financial statements, Dr. Marcus Dahmen, Spokesman of the Board of Managing Di...
read moreFiscal year 2008: Positive promotional business trend in spite of financial market crisis - Rentenbank exceeds prior-year result
In the fiscal year 2008, Landwirtschaftliche Rentenbank, Frankfurt am Main, Germany, expanded its promotional business activities while significantly improving earnings. In spite of the financial market crisis, the volume of promotional business grew by €4.4 billion to €63.5 billion (2007: €59.1 billion), while total assets as reported under the German Commercial Code (HGB, Handelsgesetzbuch) decreased only slightly. Net interest income and operating result climbed to new record levels both under HGB and IFRS as a result of the very favorable refinancing conditions that were temporarily ava...
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