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BNP Paribas and Morgan Stanley complete offering of $750 million of Notes by Landwirtschaftliche Rentenbank from its Euro Medium Term Note Programme.

March 2006

Clients BNP Paribas SA and Morgan Stanley

Jones Day represented BNP Paribas SA and Morgan Stanley in connection with $750 million of 5.0% Notes in an offering by Landwirtschaftliche Rentenbank from its €50 billion Euro Medium Term Note Programme.

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