By Andrea Heisinger
New York, Oct. 5 - Rabobank Nederland sold $1.5 billion of 2.125% five-year notes on Tuesday to yield Treasuries plus 98 basis points, a source close to the trade said.
The notes (Aaa/AA/) priced at 99.755 to yield 2.177%. They are non-callable and guaranteed by Rabobank's New York branch.
Bookrunners were Bank of America Merrill Lynch, Barclays Capital Inc. and Goldman Sachs & Co.
The agribusiness lender is based in Utrecht, the Netherlands.
| Issuer: | Rabobank Nederland
|
| Guarantor: | Rabobank New York branch
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | Oct. 13, 2015
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital Inc., Goldman Sachs & Co.
|
| Coupon: | 2.125%
|
| Price: | 99.755
|
| Yield: | 2.177%
|
| Spread: | Treasuries plus 98 bps
|
| Call: | Non-callable
|
| Trade date: | Oct. 5
|
| Settlement date: | Oct. 13
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA
|
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