Euro investment grade (financial) deal of the year – Rabobank

Euro investment grade (financial) deal of the year – Rabobank

doty-logo

Issuer: Rabobank Nederland
Date of issue: March 12, 2010
Size of deal: €1.25 billion
Structure: Senior contingent notes
Maturity: March 19, 2020
Ratings: Unrated
Coupon: 6.875%
Issue spread: 370.9bp over 10yr Bunds
Writedown feature: Bonds redeem at 25% of par if equity capital ratio falls below 7%

Rabobank Nederland’s €1.25 billion issue of March 19 was the first contingent capital offering from a mutual bank, as well as the first contingent capital issue with a permanent writedown feature. 

The 10

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here