Rabobank issues €1 billion Lower Tier 2 security
14-5-2009 | Other news
On Tuesday 12 May 2009 Rabobank issued a €1 billion, 10 year, bullet Lower Tier 2 security. Positive feedback allowed Rabobank to upsize the transaction, from an initial €500mn, at Mid Swaps +240bps. The transaction follows on from Rabobank’s recent senior issues, a €2bn 7-yr on April 24 and a $1.5bn 5-yr 144a/Reg S on May 6, highlighting the issuer’s appeal to investors across currencies and asset classes.
New issue EUR 1 bn Lower Tier 2
| Issuer: | Rabobank Nederland |
| Issue Rating: | Aa1/AA+ |
| Format: | Reg S |
| Issue size: | €1 bn |
| Settlement date: | 20 May 2009 |
| Maturity: | 20 May 2019 |
| Coupon: | 5.875% |
| Re-offer Spread: | Mid Swaps + 240bps |
| Re-offer Price: | 99.756% |
| Syndicate: | Bank of America, Merrill Lynch, Barclays Capital, Rabobank |
