Rabobank’s Debt Capital Markets offers you solutions that you can use to raise funds, especially long term funds. We can arrange funding through bond issuance, syndicated loans and private placements. We operate these businesses from Utrecht, London, New York, San Francisco, Hong Kong, Singapore, Mumbai, Sydney and Sao Paulo.

Rabobank can advise you and ensure that your company’s debt is offered to the market in the right format, at the right time and at the right price. Our product knowledge is based on strong foundations. Not only do we develop and structure unique products, but we also provide you with access to our retail and institutional distribution channels.

What we offer

Thanks to our strong track record and sector focus, our clients and other lenders see us as a key partner in syndications. Our bond market specialists are highly experienced in the structuring and placement of various bond solutions.

We originate and execute cross-border and domestic US and EU private placements for our clients in a variety of categories, from vanilla senior unsecured to structured project financing and credit tenant lease notes.

Securitisation and Covered Bonds (issuance) are attractive ways of financing your business or to achieve balance sheet optimisation. Rabobank is a key player in the Benelux asset-backed securities and covered bond markets.

With our hybrid capital structuring, liability management and rating advisory we offer our clients a wide range of balance sheet management and financing options. Rabobank is a leading structurer of hybrid capital, employing the latest techniques and terms to provide our corporate, financial institution and public sector clients maximum flexibility when accessing this product.

Sustainable finance solutions

For Rabobank, sustainable loans are the embodiment of our mission Growing a Better World Together. Because of our long-term relationship with clients, Rabobank is equally equipped and driven to help our clients to jointly set the sustainability targets. Incorporating sustainability targets in a loan is fully integrated within the regular syndication process and is suitable for companies of all sizes and for most industries. We are always open to start a dialogue and further investigate the possibilities for sustainable loans.

Making Sustainable Finance the Norm

Since first hitting the European syndicated market in the mid-2010s, sustainable loans have been gathering momentum and are now growing rapidly. They are maturing from being a niche product to a standard of the syndicated loan market. Transaction volumes in the first four months of 2021 are already comparable to the figure for the whole of 2020.

Sustainable loans in a nutshell

It is safe to say that sustainable loans are here to stay. But what exactly are sustainable loans? It is important to note that there two types of sustainable loans. The first being a green loan. This is a type of loan instrument that is created exclusively to (re)finance eligible green projects. The second type is the sustainability-linked loan. The core of this concept is to link a company’s sustainability progress to the margin paid on its bank facilities. The discount on the margin is seen as a benefit for the company. And by re-investing that discount to further improve the sustainability performance, the practical impact and positive communication value increases. Another benefit, applicable to both types of sustainable loans, is that the sustainability criteria and commitment to reporting on sustainability to external as well as internal stakeholders enhances the image a company projects of itself both to the outside world and within the organization.

By many, sustainable loans are regarded as a concept that marries the needs of environmentalism as well as the needs of capitalism. Which explains why demand has risen in recent years. Our dashboard shows a rapid increase in the percentage of sustainable loans in food & agriculture.

Percentage of sustainable loans

Combined with large numbers of non-sustainable loans reaching their maturity dates in the coming years, this offers ample room for opportunity.

Maturity dates of non sustainable loans
View the large version

But the adoption rate of sustainable loans seems to differ per continent and country even.

Number of loans and percentage of sustainable loans by continent and by country
View the large version

So we are far from reaching our ultimate goal; which is making sustainable finance the norm.

For Rabobank, sustainable loans are the embodiment of our mission Growing a Better World Together. Because of our long-term relationship with clients, Rabobank is equally equipped and driven to help our clients to jointly set the sustainability targets. Incorporating sustainability targets in a loan is fully integrated within the regular syndication process and is suitable for companies of all sizes and for most industries. We are always open to start a dialogue and further investigate the possibilities for sustainable loans.

On the data

Data included

  • All F&A deals reported to Dealogic
  • Syndicated loans only
  • Sector classification used are from Dealogic and Bloomberg
  • A loan is classified as green when it is a green loan or linked to sustainability KPI’s or an ESG rating
  • Typically larger loans, due to the nature of syndicated loans

Data sources

  • Dealogic, providing data on all F&A loans
  • Bloomberg, providing data on all green F&A loans
  • Refinitiv and Rabobank, providing additional data on green F&A loans

Contact

Herald Top
Global Head Capital Markets

Email
Herald.Top@rabobank.com