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Published on 1/8/2010 in the Prospect News Investment Grade Daily.

New Issue: Rabobank Nederland prices $1.75 billion 4.75% 10-year notes at Treasuries plus 95 bps

By Andrea Heisinger

New York, Jan. 8 - Rabobank Nederland sold $1.75 billion of 4.75% 10-year notes on Friday to yield 95 basis points over Treasuries, a source away from the offering said.

The notes (Aaa/AAA/) priced at 99.968 to yield 4.754%. They are non-callable and were priced via Rule 144A.

Barclays Capital, Credit Suisse Securities, Goldman Sachs & Co. and Morgan Stanley were the bookrunners.

The financing company for the food and agriculture industries is based in Utrecht, the Netherlands.

Issuer:Rabobank Nederland
Issue:Notes
Amount:$1.75 billion
Maturity:Jan. 15, 2020
Bookrunners:Barclays Capital, Credit Suisse Securities, Goldman Sachs & Co., Morgan Stanley
Coupon:4.75%
Price:99.968
Yield:4.754%
Spread:Treasuries plus 95 bps
Call:Non-callable
Distribution:Rule 144A
Trade date:Jan. 8
Settlement date:Jan. 15
Ratings:Moody's: Aaa
Standard & Poor's: AAA

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