LONDON -(Dow Jones)- German agricultural development bank Landwirtschaftliche Rentenbank priced its seven-year, dollar-denominated bond, one of the banks managing the sale said Thursday.

Citigroup Inc. (C), Daiwa Co. (8247.TO), HSBC Holdings PLC (HBC, 0005.HK, HSBA.LN) and J.P. Morgan Chase & Co. (JPM) acted as bookrunners on the issue, which has the following terms:

Amount:           $1.5 billion
Maturity:         Sept 17,2018
Coupon:           1.875%
Issue Price:      99.342
Payment Date:     Sept 15,2011
Spread:           30 basis points over midswaps
Debt Ratings:     Aaa (Moody's)
                  AAA (Standard & Poor's)
                  AAA (Fitch)

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@ dowjones.com

  (END) Dow Jones Newswires
  09-08-111401ET
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