Rabobank announces final results of tender offer on its £250,000,000 capital securities
On 7 October 2020, Coöperatieve Rabobank U.A. (formerly known as Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.) (the "Offeror" or "Rabobank") launched its invitation to holders of its £250,000,000 Fixed/Floating Rate Perpetual Non-Cumulative Capital Securities (ISIN: XS0368541032) (the "Capital Securities") to tender such Capital Securities for purchase by the Offeror for cash (such invitation, the "Offer"). The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 7 October 2020 (the "Tender Offer Memorandum") and is subject to the offer restrictions described in the Tender Offer Memorandum. Capitalised terms used and not otherwise defined in this press release have the meanings given to them in the Tender Offer Memorandum.
The Offeror today announces that it will accept all validly tendered Capital Securities pursuant to the Offer for purchase for cash in an aggregate principal amount of £217,222,000.
The Offer remains subject to the conditions and restrictions set out in the Tender Offer Memorandum and the expected Settlement Date is 19 October 2020.
All Capital Securities purchased pursuant to the Offer will be cancelled.
Full details concerning the Offer are set out in the Tender Offer Memorandum and the announcement of the final results can be found below: