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Rentenbank expects 2018 funding volume of up to EUR 11 billion

Landwirtschaftliche Rentenbank, based in Frankfurt am Main, expects a total issuance of up to EUR 11 billion with maturities of more than two years in 2018. Germany’s development agency for agribusiness and rural areas plans to raise up to 40% of its medium and long-term funding via benchmark bonds, with a minimum volume of EUR 1 billion or USD 1 billion each. The funding program will be complemented by other liquid issues and private placements in various currencies, especially in euros, US dollars, pound sterling, and Australian dollars.

Rentenbank issues a new Renewable Energy Bond

Landwirtschaftliche Rentenbank, Germany’s Development Agency for Agribusiness, issued a USD 50 million Renewable Energy Bond placed exclusively with Nippon Life Insurance Company (Nippon Life, Japan’s leading private life insurer). The ten-year bond marks Rentenbank’s first issuance for a non-European institutional investor in Socially Responsible Investment (SRI) private placement format.

Rentenbank’s promotional business gains momentum as wind energy booms and agricultural markets stabilize

In the first half of 2017, Rentenbank extended low-interest special promotional loans of EUR 3.6 billion. Germany’s development agency for agribusiness and rural areas was thus able to increase its new business in special promotional loans by 7.8% compared to the same period in 2016. This was propelled by growth in the Renewable Energy promotional line, which saw its loan commitments double.

More than 1,000 Kauri trees planted for Rentenbank’s New Zealand bonds

Landwirtschaftliche Rentenbank, based in Frankfurt am Main, also raises funds in New Zealand’s domestic capital market. This so-called Kauri market is named after the largest native tree in New Zealand. Ten years ago, Germany’s development agency for agribusiness and rural areas issued its first Kauri bond of 275 million New Zealand dollars (NZD). This equals roughly EUR 170 million at the current exchange rate. Since its Kauri debut, Rentenbank has become a regular issuer in the NZD market. With almost NZD 4 billion (equivalent to roughly EUR 2.49 billion) Rentenbank is one of the most important issuers.

Fiscal year 2016: Rentenbank’s promotional business at near-record high

- Fiscal year 2016: Special promotional loans and new issuance at near-record highs, increased operating profit under HGB and IFRS, improved capital ratios 

- First quarter 2017: Significantly higher demand for special promotional loans, successful issuance activities

Fiscal year 2016: Demand for Rentenbank’s promotional loans close to record high

Landwirtschaftliche Rentenbank, based in Frankfurt am Main, reported continued strong demand for its promotional loans. New business in special promotional loans totaled EUR 7.7 billion in 2016, thus nearly reaching the prior year’s record high (2015: EUR 7.8 billion). In particular, the financing of wind turbines in rural areas was on the rise. However, many agricultural enterprises faced financial constraints, which dampened new business in the Agriculture promotional line. “Our low-interest special promotional loans cover a remarkably broad spectrum of financing opportunities. In 2016, w...

Rentenbank expects 2017 funding volume of up to EUR 12 billion

Landwirtschaftliche Rentenbank, based in Frankfurt am Main, expects a total issuance of up to EUR 12 billion with maturities of more than two years in 2017. The medium and long-term funding volume will thus remain broadly flat compared to the current financial year. Germany’s development agency for agribusiness plans to raise up to 40% of its medium and long-term funding via benchmark bonds, with a minimum volume of EUR 1 billion or USD 1 billion each. The funding program will be complemented by other liquid issues and private placements in various currencies, especially in euros, US dollar...

Imke Ettori to leave Rentenbank

Ms. Imke Ettori will step down from the Board of Managing Directors of Rentenbank by mutual agreement with the Supervisory Board of Rentenbank, with effect as of September 30, 2016. With her many years of experience in the lending business, Ms. Ettori was responsible for Credit Risk Management and Operations Financial Markets. Joachim Rukwied, Chairman of the Supervisory Board of Rentenbank, said: “The departure is by best mutual agreement. We would like to express our sincere thanks to Ms. Ettori for her successful endeavors. While we regret Ms. Ettori’s leaving, we wish her all the very b...

Rentenbank: Promotional business dampened by weak agricultural markets

First half of 2016 Frankfurt. The subdued performance of agricultural markets is reflected in the interim results of Landwirtschaftliche Rentenbank. For the first half of 2016, Germany’s development agency for agribusiness reported a new business volume of EUR 3.4 billion in low-interest special promotional loans, down 6.9% year-on-year. Due to the challenging market environment faced by many agricultural enterprises, liquidity assistance loans remained high in demand. Their volume amounted to EUR 89.5 million in the first six months of 2016. “Our business is of course affected by the diffi...

Fiscal year 2015: Rentenbank’s special promotional loans at record level

Fiscal year 2015: Special promotional loans and new issuance at record level, slight decrease in IFRS operating result, improved capital ratios. First quarter 2016: Sustained high demand for special promotional loans, successful new issuances. Today in Frankfurt am Main, the Board of Managing Directors of Landwirtschaftliche Rentenbank – Germany’s development agency for agribusiness – expressed its satisfaction with the bank’s performance in 2015 at the press conference on annual results. “New business in special promotional loans reached a record high of EUR 7.8 billion. The...