By Cristal Cody
Chicago, Sept. 27 – Cooperatieve Rabobank U.A., New York Branch priced $1 billion of notes in two parts on Tuesday, according to a market source.
Both tranches mature on Oct. 5, 2026.
The bank priced $300 million of floating-rate notes at SOFR plus 90 basis points.
Allocations were heavier for the $700 million of 5.5% notes that priced with a spread of 77 bps over Treasuries. Initial price talk was in the Treasuries plus 95 bps area.
Cooperatieve Rabobank, BofA, Barclays, JPMorgan and Wells Fargo were the bookrunners.
Rabobank, a bank and financial services company, is based in Utrecht, Netherlands.
| Issuer: | Cooperatieve Rabobank U.A., New York Branch
|
| Amount: | $1 billion
|
| Issue: | Notes
|
| Maturity: | Oct. 5, 2026
|
| Bookrunners: | Cooperatieve Rabobank, BofA, Barclays, JPMorgan and Wells Fargo
|
| Trade date: | Sept. 26
|
|
|
| Floating-rate notes
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| Amount: | $300 million
|
| Issue: | Floating-rate notes
|
| Coupon: | SOFR plus 90 bps
|
| Price talk: | SOFR plus equivalent
|
|
|
| Fixed-rate notes
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| Amount: | $700 million
|
| Issue: | Notes
|
| Coupon: | 5.5%
|
| Spread: | Treasuries plus 77 bps
|
| Price talk: | Treasuries plus 95 bps area
|
|
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