Capital

Capital Securities

Capital Securities are subordinated notes issued directly by Rabobank. They rank pari passu with the Trust Preferred Securities and senior to Rabobank Certificates. They are classified as hybrid Tier 1 capital.

April 2016	EUR 1.25bn 6.625% Perpetual AT1 Securities
	Offering Circular
January 2015	EUR 1.5bn 5.5% Perp. AT1 Contingent Temporary Write Down Capital Securities Prospectus Documents incorporated by reference
June 2009	Rabobank issued USD 2.9 billion Capital Securities (partly as the result of the exchange of TPS into Capital Securities)
	Prospectus
April 2009	Rabobank issued NZD 280 million Capital Securities (issued through Rabobank Capital Securities Limited)
June 2008	Rabobank issued CHF 350 million Capital Securities

Trust Preferred Securities

Trust preferred Securities are non-voting preferent shares issued by Rabobank Capital Funding Trust II through VI (Rabobank Capital Funding Trust I was redeemed in 2005). The proceeds are indirectly lent on to Rabobank Nederland on a subordinated basis. For Rabobank Nederland, this is hybrid Tier 1 capital.

(Lower) Tier 2

Please find the Tier 2 Programme here

Issues under the Tier 2 programme:

July 2016	USD 1.5bn 3.750% Subordinated Notes due 2026 (ISIN US21684AAF30) Documents Incorporated by Reference (April 2018) Documents Incorporated by Reference (March 2018)
July 2015	USD 1.5bn 4.375% Subordinated Notes due 2025 (ISIN US21684AAC09) Documents Incorporated by Reference (April 2018) Documents Incorporated by Reference (March 2018)
July 2015	USD 1.25bn 5.250% Subordinated Notes due 2045 (ISIN US21684AAD81) Documents Incorporated by Reference (April 2018) Documents Incorporated by Reference (March 2018)
July 2015	AUD 475mn 3mBBSW+250bps Subordinated Notes NC 5Y due 2025 (ISIN AU3FN0027991)
July 2015	AUD 225mn 5.00% Subordinated Notes NC 5Y due 2025 (ISIN AU3CB0230886)
December 2014	JPY 50.8bn 1.429% Subordinated Notes due 2024 (ISIN JP552816AEC3)
May 2014	EUR 2bn 2.5% Subordinated Notes NC 7Y due 2026 (ISIN 1069772082)
May 2014	GBP 1bn 4.625% Subordinated Notes due 2029 (ISIN 1069886841)
November 2013	USD 1.75 bn 4.625% Subordinated Notes due 2023 (ISIN US21684AAA43) Offering Circular Supplement (November 2014) Documents Incorporated by Reference (April 2018) Documents Incorporated by Reference (March 2018)
November 2013	USD 1.25bn 5.750% Subordinated Notes due 2043 (ISIN US21684AAB26) Offering Circular Supplement (November 2014) Documents Incorporated by Reference (April 2018) Documents Incorporated by Reference (March 2018)
July 2013	EUR 1bn 3.875% Subordinated Notes due 2023 (ISIN XS0954910146)
November 2012	USD 1.5bn 3.950% Subordinated Notes due 2022 (ISIN US21685WDF14) Offering Circular Supplement (November 2014) Documents incorporated by reference (April 2018) Documents Incorporated by Reference (March 2018)
September 2012	EUR 1 billion 4.125% Subordinated Notes due 2022 (ISIN XS0826634874)
September 2012	GBP 500 million 5.25% Subordinated Notes due 2027 (ISIN XS0827563452
November 2010	EUR 1 billion, 3.750%, Subordinated Notes due 2020 (ISIN XS0557252417)
May 2009	EUR 1 billion, 5.875%, Subordinated Notes due 2019 (ISIN XS0429484891)