New Issue: Cooperatieve Rabobank sells $1 billion 5% preferred senior notes due 2025

By Cristal Cody

Chicago, Jan. 19 – Cooperatieve Rabobank UA sold $1 billion of 5% preferred senior notes with a two-year tenor, according to a source.

The notes priced at Treasuries plus 65 basis points. Initial talk was in the Treasuries plus 80 bps area.

Cooperatieve Rabobank, Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC were the bookrunners.

The bank and financial services company is based in Utrecht, Netherlands.

Issuer:	Cooperatieve Rabobank UA
Amount:	$1 billion
Issue:	Preferred senior notes
Maturity:	Jan. 13, 2025
Bookrunners:	Cooperatieve Rabobank, Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC
Coupon:	5%
Spread:	Treasuries plus 65 bps
Trade date:	Jan. 4
Price talk:	Treasuries plus 80 bps area

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