By Andrea Heisinger
New York, Sept. 14 - Rabobank Nederland NV priced an upsized $350 million of 100-year bonds on Tuesday at par to yield 5.8%, a source close to the sale said.
The non-callable bonds (Aaa/AAA/) priced in line with talk of a 5.8% yield. The size was increased from $250 million.
Bookrunners were Credit Suisse Securities and Goldman Sachs & Co.
This was the second 100-year bond in a month, after Norfolk Southern Corp. reopened its bonds due 2105 on Aug. 23. That bond had a coupon of 6% and yield of 5.95%.
The lender to the food and agriculture sector of the Netherlands is based in Utrecht, the Netherlands.
| Issuer: | Rabobank Nederland NV
|
| Issue: | Bonds
|
| Amount: | $350 million, increased from $250 million
|
| Maturity: | Sept. 30, 2110
|
| Bookrunners: | Credit Suisse Securities, Goldman Sachs & Co.
|
| Coupon: | 5.8%
|
| Price: | Par
|
| Yield: | 5.8%
|
| Call: | Non-callable
|
| Trade date: | Sept. 14
|
| Settlement date: | Sept. 21
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | 5.8% yield
|
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