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Press releases 2010

December 16, 2010

Rentenbank plans to raise around EUR 10bn in 2011

Landwirtschaftliche Rentenbank plans to raise approximately EUR 10bn of medium and long-term funding in 2011, slightly less than in 2010. This figure includes all transactions in the capital markets with maturities of more than two years. The development agency will issue up to four benchmark bonds in the coming year in medium-term maturities with a minimum volume of EUR/USD 1bn each. New issues and taps of AUD Kangaroo bonds are also of particular importance as part of the long-term funding strategy. Tailor-made syndicated issues and private placements in various currencies will complement...

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August 25, 2010

Rentenbank: sharp rise in promotional lending

Demand for special promotional loans up by around 32 %, growth fueled by renewable energies and liquidity assistance. Promotional loans for farm buildings and machinery also up. Strong issuance activity, sharp rise in share of international investors. Earnings are returning to normal, with operating result (German Commercial Code, HGB) lower than in 2009, but well above its pre-crisis level. IFRS measurement results remain very volatile. Total capital ratio rises to 25.3 %. In the first half of 2010, the key features of Rentenbank's performance were an increase in new business and a norma...

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April 26, 2010

Rentenbank's promotional lending continues to rise significantly in the first quarter of 2010

- Normalization of the earnings trend after two exceptionally good years - First quarter of 2010: Promotional loans granted at particularly low interest rates again significantly exceed the prior-year level; range of promotional lending for liquidity maintenance expanded; issuing business with a high ratio of international investors; operating result below prior-year level, but above the level achieved before the financial market crisis Fiscal year 2009: Promotional benefit funded by the bank's income exceeds that of record year 2008; total comprehensive income in accordance with IFRS ri...

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February 8, 2010

Rentenbank parts company with Dr. Marcus Dahmen

The advisory board of Landwirtschaftliche Rentenbank has released Dr. Marcus Dahmen (44) from his duties as spokesman for the board of managing directors, a position he had held since October 2007. Gerd Sonnleitner, chairman of Rentenbank's advisory board, commented, "We regret that incompatible approaches to the future strategy of the promotional bank make it impossible for us to continue working with Dr. Dahmen. We wish him all the best for the future". Until further notice, Dr. Dahmen's duties will be carried out by Hans Bernhardt (52) and Dr. Horst Reinhardt (55), members of the board...

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January 18, 2010

Fiscal year 2009: Rentenbank reported again extraordinary results

- Promotional lending volume and promotional benefit grow significantly - During the second year of the financial market crisis, Rentenbank, Frankfurt am Main, continued to report an extraordinarily positive development in earnings with above-average growth rates. Against this background, Rentenbank continued to strongly expand its promotional activities in the fiscal year 2009. This was driven by the brisk new business in promotional loans for biogas and photovoltaic facilities and a strong demand for liquidity assistance loans launched jointly with the German federal government and the...

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December 10, 2009

Rentenbank plans to keep the Kangaroo market as a strategic source of funding in 2010

Rentenbank, Germany's agency for agribusiness, today announced its plans for the Australian Dollar domestic market in 2010. Rentenbank remains committed to issuing in the Kangaroo market. New issue volume will be in line with previous years. Plans include new issues and well supported increases of outstanding transactions, underpinning the strategic approach to this market. The agency will focus on the five to seven year part of the curve reflecting investor demand. Outstanding A$ MTN issues have an aggregate volume of A$ 5.7bn making Rentenbank the 3rd largest Kangaroo issuer. The borrow...

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December 1, 2009

Rentenbank plans to raise around EUR 10bn in 2010

Rentenbank plans to raise approximately EUR 10bn of medium and long-term funding in 2010. This figure includes all transactions in the capital markets with maturities of more than two years. The promotional bank will issue up to four benchmark bonds in the coming year in medium-term maturities with a minimum volume of EUR/USD 1bn each. In addition, Rentenbank plans liquid issues in other currencies. These transactions will be complemented by smaller public issues and private placements in various currencies and different structures. While domestic placement dominated the funding this year w...

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September 16, 2009

Rentenbank issues its largest ever US-Dollar Global Benchmark Bond

With a volume of $ 2.25 bn., Rentenbank, based in Frankfurt am Main, has successfully placed its largest ever benchmark US Dollar bond. The three-year global bond is the first US Dollar benchmark bond from Rentenbank since May 2008. In particular, Rentenbank was able to substantially increase its investor base in the USA. 60 % of the volume was taken up by American investors followed by Asian accounts with 22 %, while European investors accounted for an amount of 15 %. As the bank further advised, almost half of the demand was from asset managers followed by central banks with a share of 35...

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August 26, 2009

Positive half-yearly figures for Rentenbank: Promotional lending volume and operating result above prior year

Demand for special promotional loans up 7.2%, growth fueled by renewable energies, farm buildings and machinery Higher proportion of domestic investors in new issues Net interest income and operating result with double-digit growth, total capital ratio increases to 22.7% Rentenbank, the German development agency for agribusiness, experienced increases in promotional lending volume and another significant improvement of its financial performance during the first half of 2009. As stated in Rentenbank's half-yearly financial report published today, further growth was fueled by special promot...

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April 27, 2009

Good start to 2009: Rentenbank increases promotional business and operating result

1st quarter of 2009: Volume of low-interest special promotional loans granted remains high, new promotional offers available to ensure liquidity in the agribusiness, new issuing business with stronger focus on domestic banks and insurance companies, double-digit growth in operating result  Fiscal year 2008: Lending volume and operating result surpass record year of 2007, favourable margin trend enables significantly higher promotional business, cost-income ratio at 10.9% At the press conference on the 2008 financial statements, Dr. Marcus Dahmen, Spokesman of the Board of Managing Di...

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