The new five-year transaction mandated by Rabobank Nederland Australia Branch (Rabobank Australia) (A+/Aa2/AA-) on February 25 priced a day later. According to KangaNews data, Rabobank Australia's most recent previous Australian benchmark deal priced in April last year. This A$500 million (US$362 million) long two-year line had an issue margin of 65 basis points over bank bills.
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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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