Rabobank starts registration of Covered Bond Programme
Rabobank has started the process to register its inaugural Covered Bond Programme with De Nederlandsche Bank (DNB). Rabobank intends to incorporate covered bonds into its future funding mix. The programme will further diversify and optimize Rabobank's funding composition, which supports the Strategic Framework of the bank.
An inaugural benchmark transaction could be contemplated in 2017 but timing will depend on market conditions and the overall funding needs of the bank. Furthermore, Rabobank requires DNB approval of the programme before it can decide to issue covered bonds.