Sustainable funding instruments
Rabobank has a Sustainable Funding Framework (the “Framework”) in place under which it can issue "green" instruments in various formats, including covered bonds, unsecured senior bonds, subordinated bonds, commercial paper, certificates of deposit and wholesale deposits. At Rabobank, sustainability is an integral part of its corporate mission: “Growing a better world together”. This Framework is the result of the bank's ongoing efforts to link sustainability with the way the bank is funded.
Sustainable Funding Framework
The most recent Framework was published in May 2023. This Framework has been simplified and aims to reflect the latest market standards. In comparison to the sustainable funding framework as published in 2021, the 2023 Framework is no longer structured in various sub-frameworks and uses a portfolio approach. An amount equal to the net proceeds of instrument(s) issued under this 2023 Framework will be used to finance and/or refinance, in part or in whole, a portfolio of eligible green assets including renewable energy and green buildings, in accordance with defined eligibility criteria.
In alignment with the ICMA Green Bond Principles (“GBP”), the structure of the Framework follows the four key GBP pillars – use of proceeds, process for project evaluation and selection, management of proceeds, and reporting – and the recommendation of ICMA regarding external review.
Downloads
Please find below further information in relation to Rabobank's sustainable instruments.
Green bonds outstanding
Overview as at 16 July 2024
Description | ISIN | Issue date | Call date | Maturity date | Allocation |
EUR 750mn Green Non-preferred senior | XS2068969067 | Oct ’19 | n/a | Oct ’26 | 100% |
USD 1,000mn Green Non-preferred senior | US74977RDJ05/ US74977SDJ87 | Sep ’20 | Sep ’25 | Sep ’26 | 100% |
USD 1,000mn Green Non-preferred senior | US74977RDK77/ US74977SDK50 | Feb ’21 | Feb ‘26 | Feb ’27 | 100% |
EUR 1,250mn Green Covered bond | XS2722858532 | Nov ’23 | n/a | Nov ’28 | 100% |
EUR 1,500mn Green Non-preferred senior | XS2860946867 | July '24 | July '27 | July '28 | 100% |
In addition, Rabobank issues green commercial paper (CP), green certificates of deposit (CD), and green wholesale deposits for which it has limits in place. As at 30 June 2024 the combined limit for these instruments is set at EUR 4 billion. These instruments are also issued from the Framework.
Search a specific instrument
Please click on the link below to access an overview of instruments issued by Rabobank (including relevant documentation)
Other funding and capital topics
Contact Investor Relations
IR@rabobank.com