Rentenbank prices five-year benchmark deal

Thursday, 12 January 2023

Issuer name: Rentenbank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 12 January 2023
Settlement date: 19 January 2023
Maturity date: 19 January 2028
Lead managers: Daiwa Capital Markets, RBC Capital Markets, TD Securities

Transaction type: senior-unsecured Kangaroo
Volume: A$300 million (US$207.5 million)
Total outstanding in the line: A$300 million
Coupon type: fixed
Coupon rate: 4%
Issue/re-offer price: 99.574%
Issue yield: 4.095%
Margin: 39bp/s-q swaps
Margin to ACGBs: 77.5bp/November 2027