By Cristal Cody
Tupelo, Miss., April 19 – Cooperatieve Rabobank U.A., New York Branch (Aa3/A+) priced $1.75 billion of notes in two parts on Thursday, according to a market source.
The company sold $750 million of three-year floating-rate notes at Libor plus 43 basis points.
Cooperatieve Rabobank sold $1 billion of 3.125% notes due April 26, 2021 at a spread of Treasuries plus 65 bps.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.
The financing arm of Cooperatieve Rabobank U.A. is based in New York.
| Issuer: | Cooperatieve Rabobank U.A., New York Branch
|
| Amount: | $1.75 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Trade date: | April 19
|
| Ratings: | Moody’s: Aa3
|
| S&P: A+
|
|
|
| Three-year floaters
|
| Amount: | $750 million
|
| Description: | Floating-rate notes
|
| Maturity: | April 26, 2021
|
| Coupon: | Libor plus 43 bps
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Description: | Fixed-rate notes
|
| Maturity: | April 26, 2021
|
| Coupon: | 3.125%
|
| Spread: | Treasuries plus 65 bps
|
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