Announcement of Rabo Extra Member Bonds
27-1-2010 | Economic news
The size of the issue of the new Rabo Extra Member Bonds is set at EUR 900 million. Almost 17,500 members have subscribed.
The subscription period opened on 26 October 2009 and closed on Monday, 25 January 2010. Members have subscribed to this new investment product in three tranches. All bonds subscribed and paid for will be allocated. The bonds have a nominal value of EUR 100 and pay a fixed interest of 3.5% per year on the outstanding principal. The bonds mature at the end of 2013. Each year, Rabobank has the option of converting a quarter of the initial nominal value into Rabobank Membership Certificates.
