On Friday August 21 Rabobank Nederland New Zealand Branch (Rabobank NZ) (AAA/Aaa) closed a NZ$100 million (US$68 million) retail issue, maturing in September 2014. The transaction, which was led by ANZ and BNZ Capital, priced at 94 basis points over the benchmark mid-swap rate, wider than the issuer's A$250 million tap of its 2012 line, which priced on 27 July.