Rabobank announces final results of its tender offer on its USD1.5bn 3.950% Subordinated Notes due 2022 and USD1.75bn 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 USD1.5bn 3.950% Subordinated Notes due 2022 (ISIN: US21685WDF14) and USD1.75bn 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 will accept all validly tendered Notes pursuant to the Offer for purchase for cash in an aggregate principal amount of USD 2,003,843,000.

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.

All Notes purchased pursuant to the Offer will be cancelled.

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

Download the Tender Offer Final Result Announcement

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