The Landwirtschaftliche Rentenbank (Rentenbank) is a German public-law institution providing financing and risk management services to the agricultural sector and related industries.
This financial article details the specifics of a fully matured and repaid bond, identified by ISIN XS2400053950, originally issued by Landwirtschaftliche Rentenbank, Germany's prominent development agency for agriculture and rural areas which, as a public-law institution, enjoys significant federal backing; the bond, denominated in Canadian Dollars (CAD) with a total issuance size of CAD 500,000,000 and a minimum lot size of CAD 1,000, carried an annual interest rate of 1% paid semi-annually, reaching its scheduled maturity on October 20, 2024, at which point it was redeemed at its 100% par value.
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