Rabobank Australia prints A$500 million three-year FRN

Monday, 15 May 2023

Issuer name: Coöperatieve Rabobank Australia Branch
Issuer rating: A+/Aa2/A+
Issue rating: A+/Aa2/AA-
Pricing date: 15 May 2023
Settlement date: 22 May 2023
Maturity date: 22 May 2026
Lead managers: Commonwealth Bank of Australia, TD Securities, UBS, Westpac Institutional Bank

Transaction type: senior-unsecured bond
Volume: A$500 million (US$334 million)
Coupon type: FRN
Coupon rate: 3m BBSW +88bp
Issue/re-offer price: par
Margin: 88bp/3m BBSW