Rabobank announces pricing of its tender offer on its US$1.5bn 3.950% Subordinated Notes due 2022 and US$1.75bn 4.625% Subordinated Notes due 2023

On 2 December 2021, Coöperatieve Rabobank U.A. (formerly known as Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.) (the "Offeror" or "Rabobank") launched its invitation to holders of its US$1.5bn 3.950% Subordinated Notes due 2022 (ISIN: US21685WDF14) and US$1.75bn 4.625% Subordinated Notes due 2023 (ISIN: US21684AAA43) (together the "Notes") to tender any and all such Notes 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 2 December 2021 (the “Tender Offer Memorandum”) and is subject to the offer restrictions described in the Tender Offer Memorandum. Capitalized 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 has priced the Offer.

The results of the Offer are expected to be announced on 10 December 2021. The Offer remains subject to conditions and restrictions set out in the Tender Offer Memorandum and the expected Tender Offer Settlement Date is 14 December 2021 for Notes validly tendered and accepted for purchase which are the subject of a Notice of Guaranteed Delivery and 13 December 2021 in respect of any other Notes validly tendered and accepted for purchase.

Full details concerning the Offer are set out in the Tender Offer Memorandum. The announcement of the pricing can be found below:

Neither the Tender Offer Memorandum, this publication nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Notes in any circumstances in which such offer or solicitation is unlawful. Further restrictions apply in relation to the United Kingdom, France, Italy and Hong Kong as set out in full in the Tender Offer Memorandum.

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