Obligation Agrarrentenbank 2.375% ( XS1551675488 ) en USD

Société émettrice Agrarrentenbank
Prix sur le marché 100 %  ⇌ 
Pays  Allemagne
Code ISIN  XS1551675488 ( en USD )
Coupon 2.375% par an ( paiement semestriel )
Echéance 23/01/2024 - Obligation échue



Prospectus brochure de l'obligation Landwirtschaftliche Rentenbank XS1551675488 en USD 2.375%, échue


Montant Minimal /
Montant de l'émission /
Description détaillée La Landwirtschaftliche Rentenbank (LRB) est une banque publique allemande spécialisée dans le financement de l'agriculture et des zones rurales.

L'Obligation émise par Agrarrentenbank ( Allemagne ) , en USD, avec le code ISIN XS1551675488, paye un coupon de 2.375% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 23/01/2024








FINAL TERMS DATED 1st December, 2017
LANDWIRTSCHAFTLICHE RENTENBANK
Issue of U.S.$ 100,000,000 2.375 per cent. Notes due 23rd January, 2024 (the "Notes")
(to be consolidated, form a single series and be interchangeable for trading purposes with the
U.S.$500,000,000 2.375 per cent. Notes due 23rd January, 2024, issued on 23rd January, 2017, the
U.S.$50,000,000 2.375 per cent. Notes due 23rd January, 2024, issued on 31st January, 2017, and the
U.S.$50,000,000 2.375 per cent. Notes due 23rd January, 2024, issued on 25th October, 2017)
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 4th May, 2016 (the "Original Terms and Conditions") which are
incorporated by reference in the Simplified Base Prospectus dated 5th May, 2017 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, save in respect of the
Original Terms and Conditions, a copy of which is annexed hereto. 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:
1145
(ii)
Tranche Number:
4
(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 U.S.$500,000,000 2.375 per cent. Notes due 23rd
January, 2024, issued on 23rd January, 2017, the
U.S.$50,000,000 2.375 per cent. Notes due 23rd January,
2024, issued on 31st January, 2017, and the
U.S.$50,000,000 2.375 per cent. Notes due 23rd January,
2024, issued on 25th October, 2017.
2. Specified Currency or Currencies:
United States Dollars ("U.S.$")
3. Aggregate Nominal Amount:

(i)
Series:
U.S.$700,000,000
(ii)
Tranche:
U.S.$100,000,000
4. Issue Price:
100.30 per cent. of the Aggregate Nominal Amount plus
accrued interest from and including 23rd January, 2017 up
to and excluding 5th December, 2017 (312 days of
accrued interest)
5. (i)
Specified Denominations:
U.S.$1,000
(ii)
Calculation Amount:
U.S.$1,000
6. (i)
Issue Date:
5th December, 2017
(ii)
Interest Commencement Date:
23rd January, 2017
7. Maturity Date:
23rd January, 2024
8. Interest Basis:
2.375 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
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12. Fixed Rate Note Provisions
Applicable
(i)
Rate(s) of Interest:
2.375 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
23rd January in each year up to and including the Maturity
Date, commencing 23rd January, 2018
(iii) Fixed Coupon Amount:
U.S.$23.75 per Calculation Amount
(iv) Broken Amount(s):
Not Applicable
(v)
Day Count Fraction:
30/360
(vi) Business Day Convention:
No Adjustment
(vii) Business Centre(s):
New York, London and TARGET
(viii) Determination Date(s):
Not Applicable
(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:
U.S.$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:
Registered Notes

Regulation S Global Note which is exchangeable for
Definitive Notes in the limited circumstances specified in
the Global Note
23. New Global Note:
Not Applicable
24. New Safekeeping Structure:
Yes
25. Financial Centre(s):
New York, London and TARGET
26. Talons for future Coupons to be
No
attached to Definitive Notes (and
dates on which such Talons mature):

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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:
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 1145 (Tranches
1, 2 and 3) 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

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Regulation.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER:
So far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the
offer.
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:
U.S.$102,358,333.33 (including U.S.$2,058,333.33 in
accrued interest)
(iii) Estimated total expenses:
Not Applicable
5. YIELD: (Fixed Rate Notes only)
Indication of yield:
2.321 per cent. per annum.
Calculated as 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:
XS1551675488
Common Code:
155167548
WKN:
A2AAZX
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