By Cristal Cody
Prospect News, Nov. 7 - Rabobank Nederland NV (Aa2/AA/DBRS: AAA) sold C$100 million of 2.25% five-year senior medium-term notes on Wednesday at 99.68 to yield 2.319% in the European market, an informed bond source said.
The notes priced at a spread of 100 basis points over the Canadian bond curve.
Rabobank International and TD Securities Inc. were the lead managers.
The Dutch bank is the central organization for international financial services provider Rabobank Group.
| Issuer: | Rabobank Nederland NV
|
| Amount: | C$100 million
|
| Maturity: | Nov. 20, 2017
|
| Securities: | Senior medium-term notes
|
| Bookrunners: | Rabobank International, TD Securities Inc.
|
| Coupon: | 2.25%
|
| Price: | 99.68
|
| Yield: | 2.319%
|
| Spread: | 100 bps over Canadian government bond curve
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 20
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| DBRS: AAA
|
| Distribution: | Europe
|
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