Rabobank successfully priced its first Covered Bond

On May 22, 2017 Rabobank successfully priced its inaugural EUR 2.5 billion dual tranche Covered Bond. Rabobank offered the Covered Bonds to institutional investors. A pan-European roadshow took place prior to the trade to introduce the Covered Bond programme to investors. Rabobank’s Covered Bonds are backed by Dutch prime residential mortgages and are assigned a (P)‘Aaa’ rating by Moody’s.

Rabobank priced a EUR 1.5 billion 7yr and a EUR 1 billion 15yr with an order book of over EUR 4 billion with over 140 different investors. Over the coming years Rabobank plans to issue one or two benchmark transactions a year under the Programme. Issuing Covered Bonds will further diversify and optimise Rabobank's funding composition, which supports the Strategic Framework of the bank. Covered Bonds provide cheaper funding and also leads to a further diversification of the investor base.
 
Information on the issue of Rabobank Covered Bonds can be found on rabobank.com/en/investors/.
 
Elements of this press release are considered by Rabobank as inside information relating directly or indirectly to Rabobank within the meaning of article 7 of the Market Abuse Regulation (EU Regulation 596/2014) that is made public in accordance with article 17 Market Abuse Regulation.

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Hendrik Jan Eijpe

Press Officer

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+31 30 21 30869

Email
Hendrik-Jan.Eijpe@rabobank.nl

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