By Andrea Heisinger
New York, May 17 - Rabobank Nederland sold $1.5 billion of 5.25% 30-year bonds on Tuesday at a spread of 115 basis points over Treasuries, an informed source said.
The bonds (Aaa/AAA) were priced at 98.426 to yield 5.356%. They are non-callable.
Bank of America Merrill Lynch, Barclays Capital Inc. and Goldman Sachs & Co. ran the books.
Rabobank last sold bonds in a $2.75 billion two-tranche deal on Jan. 4.
The financial services company is based in Utrecht, the Netherlands.
| Issuer: | Rabobank Nederland
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | May 24, 2041
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital Inc., Goldman Sachs & Co.
|
| Coupon: | 5.25%
|
| Price: | 98.426
|
| Yield: | 5.356%
|
| Spread: | Treasuries plus 115 bps
|
| Call: | Non-callable
|
| Trade date: | May 17
|
| Settlement date: | May 24
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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