Rabobank could be the Kangaroo market's first tier-two issuer since 2007

On June 4, Rabobank Nederland (A+/Aa2/AA-) disclosed that it is preparing to embark on a series of debt investor meetings in Australia and Asia commencing on June 8. The meetings will explore a potential tier-two transaction which, if it comes to fruition, would likely be the first such deal in the Kangaroo market since Wachovia Bank priced A$400 million (US$311.2 million) of 10-year bullet subordinated bonds in May 2007.