On June 26 Rabobank Nederland Australia Branch (Rabobank) (AAA/Aaa) priced a two-tranche July 2014 bond totalling A$650 million (US$533 million). The A$300 million floating rate notes (FRNs) and A$350 million fixed rate bonds priced at 130 basis points over the bank bill swap rate (BBSW) and swap. According to Mark Goddard, head of syndicate at joint lead manager Westpac Institutional Bank in Sydney, there were 50 investors in the book.
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