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.

offer results tender offer

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:

Neither the Tender Offer Memorandum, this press release nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Capital Securities (and tenders of Capital Securities for purchase pursuant to the Offer will not be accepted from holders) in any circumstances in which such offer or solicitation is unlawful. The Offer is not being made and will not be made, directly or indirectly, in or into, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or of any facilities of a national securities exchange of, the United States or to any U.S. Person (as defined in Regulation S of the United States Securities Act of 1933, as amended (each a "U.S. Person")). Further restrictions apply in relation to the United Kingdom, France, Italy and Hong Kong as set out in full in the Tender Offer Memorandum.

Published: October 15th 2020, 15:30 CET


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