By Aleesia Forni
New York, Jan. 11 – Rabobank, New York branch priced $1.5 billion of 2.5% five-year bonds (Aa2/A+) at Treasuries plus 97 basis points on Monday, according to a market source.
Pricing was at 99.776 to yield 2.548%.
The notes sold at the tight end of the Treasuries plus 100 bps area guidance.
BofA Merrill Lynch, Barclays, HSBC Securities and J.P. Morgan Securities LLC were the bookrunners.
The financial services company is based in Utrecht, the Netherlands.
| Issuer: | Rabobank, New York branch
|
| Amount: | $1.5 billion
|
| Description: | Notes
|
| Maturity: | Jan. 19, 2021
|
| Bookrunners: | BofA Merrill Lynch, Barclays, HSBC Securities, J.P. Morgan Securities LLC
|
| Coupon: | 2.5%
|
| Price: | 99.776
|
| Yield: | 2.548%
|
| Spread: | Treasuries plus 97 bps
|
| Trade date: | Jan. 11
|
| Settlement date: | Jan. 19
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: A+
|
| Price guidance: | Treasuries plus 100 bps
|
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