Obligation Agrar Rentenbank 0.015% ( XS1262519801 ) en GBP

Société émettrice Agrar Rentenbank
Prix sur le marché 100 %  ⇌ 
Pays  Allemagne
Code ISIN  XS1262519801 ( en GBP )
Coupon 0.015% par an ( paiement annuel )
Echéance 23/12/2019 - Obligation échue



Prospectus brochure de l'obligation Landwirtsch. Rentenbank XS1262519801 en GBP 0.015%, échue


Montant Minimal 1 000 GBP
Montant de l'émission 500 000 000 GBP
Description détaillée La Landwirtschaftliche Rentenbank est une banque publique allemande spécialisée dans le financement de l'agriculture et des zones rurales.

L'obligation allemande XS1262519801 émise par la Landwirtsch. Rentenbank, d'une taille totale de 500 000 000 GBP, avec un taux d'intérêt de 0,015%, échéant le 23/12/2019, a été intégralement remboursée à son prix nominal de 100%, avec un minimum d'achat de 1000 GBP et une fréquence de paiement des intérêts annuelle.







EXECUTION COPY
FINAL TERMS DATED 12TH JANUARY, 2016
LANDWIRTSCHAFTLICHE RENTENBANK
Issue of GBP 150,000,000 1.500 per cent. Notes due 23rd December, 2019 (the "Notes")
(to be consolidated, form a single series and be interchangeable for trading purposes with the
GBP 250,000,000 1.500 per cent. Notes due 23rd December, 2019, issued on 21st July, 2015 and the
GBP 100,000,000 1.500 per cent. Notes due 23rd December, 2019, issued on 30th October, 2015)
under the EUR 60,000,000,000
Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set
forth in the Simplified Base Prospectus dated 15th May, 2015 which constitutes a simplified base prospectus for
purposes of Chapters 1 and 2 of Part III of the Luxembourg Law on Prospectuses for Securities dated 10th July,
2005, as amended (Loi relative aux prospectus pour valeurs mobilières) (the "Simplified Base Prospectus").
This document constitutes the Final Terms of the Notes (these "Final Terms") described herein and must be read
in conjunction with the Simplified Base Prospectus. Full information on the Issuer and the offer of the Notes is
only available on the basis of the combination of these Final Terms and the Simplified Base Prospectus. The
Simplified Base Prospectus (including the documents incorporated therein by reference) is published on the
Issuer's website at www.rentenbank.de.
1. (i)
Series Number:
1118
(ii)
Tranche Number:
3
(iii) Date on which the Notes
The Notes shall be consolidated, form a single series and
become fungible:
be interchangeable for trading purposes on the Issue Date
with the GBP 250,000,000 1.500 per cent. Notes due 23rd
December, 2019, issued on 21st July, 2015 and the
GBP 100,000,000 1.500 per cent. Notes due 23rd
December, 2019, issued on 30th October, 2015.
2. Specified Currency or Currencies:
Pound Sterling ("GBP")
3. Aggregate Nominal Amount:

(i)
Series:
GBP 500,000,000
(ii)
Tranche:
GBP 150,000,000
4. Issue Price:
100.739 per cent. of the Aggregate Nominal Amount plus
accrued interest from and including 23rd December, 2015
up to and excluding 14th January, 2016 (22 days of
accrued interest)
5. (i)
Specified Denominations:
GBP 1,000
(ii)
Calculation Amount:
GBP 1,000
6. (i)
Issue Date:
14th January, 2016
(ii)
Interest Commencement Date:
23rd December, 2015
7. Maturity Date:
23rd December, 2019
8. Interest Basis:
1.500 per cent. Fixed Rate
(further particulars specified in paragraph 12 below)
9. Redemption/Payment Basis:
Redemption at par
10. Change of Interest Basis or
Not Applicable
Redemption/Payment Basis:
11. Put/Call Options:
Not Applicable
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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12. Fixed Rate Note Provisions
Applicable
(i)
Rate(s) of Interest:
1.500 per cent. per annum payable annually in arrears
(ii)
Interest Payment Date(s):
23rd December in each year up to and including the
Maturity Date, commencing 23rd December, 2016
(iii) Fixed Coupon Amount:
GBP 15.00 per Calculation Amount
(iv) Broken Amount(s):
Not Applicable
(v)
Day Count Fraction:
Actual/Actual (ICMA)
(vi) Business Day Convention:
No Adjustment
(vii) Business Centre(s):
Not Applicable
(viii) Determination Date(s):
23rd December in each year
(ix) Other terms relating to the method of
Not Applicable
calculating interest for Fixed Rate
Notes:
13. Floating Rate Note Provisions
Not Applicable
14. Zero Coupon Note Provisions
Not Applicable
15. Index Linked Note/other variable-linked
Not Applicable
Note Provisions
16. Alternative Settlement Note Provisions
Not Applicable
17. Dual Currency Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18. Call Option:
Not Applicable
19. Put Option:
Not Applicable
20. Final Redemption Amount of each Note:
GBP 1,000 per Calculation Amount
21. Early Redemption Amount

Early Redemption Amount(s) per Calculation
Condition 7(e) applies
Amount payable on redemption for taxation
reasons or on event of default or other early
redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22. Form of Notes:
Bearer Notes

Permanent Bearer Global Note which is exchangeable for
Definitive Bearer Notes only upon Exchange Event.
23. New Global Note:
Yes
24. New Safekeeping Structure:
Not Applicable
25. Financial Centre(s):
London and TARGET
26. Talons for future Coupons to be
No
attached to Definitive Notes (and
dates on which such Talons mature):
27. Details relating to Partly Paid Notes: amount
Not Applicable
of each payment comprising the Issue Price
and date on which each payment is to be
made:
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28. Details relating to Instalment Notes:

(i)
Instalment Amount(s):
Not Applicable
(ii)
Instalment Date(s):
Not Applicable
29. Redenomination applicable:
Not Applicable
30. Consolidation provisions:
Condition 16 applies
31. Other final terms:
Not Applicable
PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO
Application has been made by the Issuer (or on its behalf)
TRADING:
for the Notes to be admitted to trading on the Regulated
Market of the Luxembourg Stock Exchange (Bourse de
Luxembourg) with effect from the Issue Date.
The Notes previously issued under Series 1118 (Tranches
1 and 2) are already admitted to listing and trading on the
Regulated Market of the Luxembourg Stock Exchange.
2. RATINGS:
The Notes have been assigned the following ratings:
Moody's: Aaa
S & P: AAA
Fitch: AAA
According to Moody's Investors Services, a long-term
issue rated "Aaa" is judged to be of the highest quality,
with minimal credit risk.
According to Standard & Poor's, a long-term obligation
rated "AAA" has the highest rating assigned by Standard
& Poor's, and the obligor's capacity to meet its financial
commitment on the obligation is extremely strong.
According to Fitch Ratings, "AAA" ratings denote the
lowest expectation of default risk. They are assigned only
in cases of exceptionally strong capacity for payment of
financial commitments. This capacity is highly unlikely to
be adversely affected by foreseeable events.
The credit ratings included herein will be treated for the
purposes of Regulation (EC) No 1060/2009 on credit
rating agencies, as amended by Regulation (EU) No
513/2011 (the "CRA Regulation") as having been issued
by Standard & Poor's Credit Market Services Europe
Limited ("S&P"), Moody's Deutschland GmbH
("Moody's") and Fitch Ratings Limited ("Fitch"), upon
registration pursuant to the CRA Regulation. Each of
S&P, Moody's and Fitch is established in the European
Union and is registered under the CRA Regulation.
Reference is made to the list of credit rating agencies
registered in accordance with the CRA Regulation
published by the European Securities and Markets
Authority on its website (www.esma.europa.eu), which is
updated within five working days following the adoption
of a decision under Articles 16, 17 or 20 of the CRA
Regulation.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER:
Save for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the offer of
the Notes has an interest material to the offer.
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4. REASON FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES:
(i)
Reasons for the offer:
The net proceeds from the issue of Notes will be applied
by the Issuer for its general corporate purposes.
(ii)
Estimated net proceeds:
GBP 151,243,500.00
(including GBP 135,000.00
in
accrued interest)
(iii) Estimated total expenses:
Not Applicable
5. YIELD: (Fixed Rate Notes only)
Indication of yield:
1.306 per cent. per annum.
Calculated at the Issue Date in accordance with the ICMA
method, which determines the effective interest rate of the
Notes taking into account accrued interest on a daily basis.
As set out above, the yield is calculated at the Issue Date
on the basis of the Issue Price. It is not an indication of
future yield.
6. HISTORICAL INTEREST RATES: (Floating Rate Notes only)
Not Applicable
7. PERFORMANCE OF INDEX/FORMULA/RATES OF EXCHANGE/OTHER VARIALBE,
EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS AND
OTHER INFORMATION CONCERNING THE UNDERLYING: (Index-Linked Notes, other
variable-linked Notes and Dual Currency Notes only)
Not Applicable
8. OPERATIONAL INFORMATION:
ISIN Code:
XS1262519801
Common Code:
126251980
WKN:
A12TZJ
Any clearing system(s) other than Euroclear
Not Applicable
and Clearstream, Luxembourg and the
relevant identification number(s):
Delivery:
Delivery against payment
Name and address of additional Paying and
Not Applicable
Transfer Agent(s) (if any):
Intended to be held in a manner which would
Yes. Note that the designation "yes" simply means that the
allow Eurosystem eligibility:
Notes are intended upon issue to be deposited with one of
the ICSDs as common safekeeper (and registered in the
name of a nominee of one of the ICSDs acting as common
safekeeper) and does not necessarily mean that the Notes
will be recognised as eligible collateral for Eurosystem
monetary policy and intraday credit operations by the
Eurosystem either upon issue or at any or all times during
their life. Such recognition will depend upon the ECB
being satisfied that Eurosystem eligibility criteria have
been met.
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Document Outline