Exchange Offers and Consent Solicitations Early Participation Results and Issuance of Additional New Capital Securities
29-5-2009 | Press Releases
On 15 May 2009, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (“Rabobank Nederland”) invited holders of its Trust Preferred Securities to participate in its Exchange Offers and Consent Solicitations. The Early Participation Deadline was 17:00 New York time on 28 May 2009. The Exchange Offers and Consent Solicitations were made on the terms and subject to the conditions contained in the Exchange Offer and Consent Solicitation Memorandum dated 15 May 2009 (the “Memorandum”). Terms used in this announcement have the meanings given to them in the Memorandum.
Rabobank is pleased to announce that, at the Early Participation Deadline, the Minimum Tender Amounts and majority voting thresholds for the Proposed Amendments for both series of Trust Preferred Securities have been achieved. Therefore, Rabobank will accept all Trust Preferred Securities validly offered for exchange and not validly withdrawn.
- Exchange Offers and Consent Solicitations Early Participation Results and Issuance of Additional New Capital Securities
- Prospectus U.S.$2,868,297,000 Fixed to Floating Rate Perpetual Noncumulative Capital Securities
- Prospectus U.S.$3,612,000 Fixed to Floating Rate Perpetual Noncumulative Capital Securities (to be consolidated and form a single series with the U.S.$2,868,297,000 Fixed to Floating Rate Perpetual Noncumulative Capital Securities issued on June 4, 2009)
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (“Rabobank Nederland”) has announced Exchange Offers and concurrent Consent Solicitations (the “Exchange Offers and Consent Solicitations”) for its existing U.S.$-denominated Noncumulative Guaranteed Trust Preferred Securities series II and III (the “Trust Preferred Securities”). Rabobank is offering to exchange any and all of its Trust Preferred Securities for newly issued U.S.$-denominated Perpetual Noncumulative Capital Securities (the “New Capital Securities”) to be directly issued by Rabobank Nederland. Rabobank may issue additional New Capital Securities for cash (“Additional New Capital Securities”) at any time during the Exchange Offers, subject to market conditions.
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