Rabobank Australia prints A$1 billion fixed and FRN senior bond
- Tuesday, 19 November 2024
Issuer name: Cooperatieve Rabobank Australia Branch
Issuer rating: A+/Aa2/A+
Expected issue rating: A+/Aa2/AA-
Pricing date: 19 November 2024
Settlement date: 26 November 2024
Lead managers: ANZ, Commonwealth Bank of Australia, National Australia Bank, UBS, Westpac Institutional Bank
Transaction type: senior-unsecured bond
Total volume: A$1 billion (US$650.4 million)
Maturity date: 26 May 2028
FRN tranche
Volume: A$800 million
Coupon rate: 3m BBSW+75bp
Re-offer price: par
Margin: 75bp/3m BBSW
Fixed tranche
Volume: A$200 million
Coupon rate: 4.784%
Issue/re-offer price: par
Re-offer yield: 4.784%
Margin to swap: 75bp/s-q
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