John Deere Capital (JDC.YY) raised C$150 million from an issue of medium-term notes maturing June 2014, pricing the offering at 93.1 basis points over the relevant government of Canada benchmark for a yield of 3.534%, according to a person familiar with the offering.
The bonds carry a coupon of 3.50%.
John Deere is a financing arm of Deere & Co. (DE), an equipment supplier for the agriculture, forestry, construction, and lawn and turf industries.
The fifth installment of Farm Equipment’s Dealership Minds series, 9 staff members traveled to Kentucky to experience first-hand how a successful dealership — H&R Agri-Power — headquartered in the No. 1 ag county in Kentucky operates.