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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
RABOBK
Cooperatieve Rabobank UA (aka Rabo Bank)£600
1EMEA
Sep 23, 2026
currency
GBP
size (m)
600.000
maturity
Sep 30, 2036
type
Fixed Rate Reset
tenor
10.000
call
5.00
registration
Reg S Only
benchmark
G
ranking
Tier 2
moody's
Baa1
s&p
BBB+
fitch
A-
re-open/tap
No
ipt
G+140-145 area
ipt-pxd
-22.5
guidance
STL
spread
120
coupon
6.008%
spread set
-
price
100.00000
yield
6.008%
book size (m)
1,150
peak book (m)
1,750
x-covered
1.92
book attrition
-34.29%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,150
peak book (m)
1,750
x-covered
1.92
book attrition
-34.29%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1150; First Pay: 2027-03-30; Redemption: 2031-09-30; Registration: Reg S Only; Comments: UKT 0.25% 07/31/31 Corp @ 80.487 mid (4.808%) | 80.467 bid (4.813%) | HR 112%. Regulatory Call: Yes. LEI: DG3RU1DBUFHT4ZF9WN62;
Use of Proceeds
An amount equal to the net proceeds is used to finance and/or refinance, in part or in whole, a portfolio of Eligible Green Assets, defined in accordance with the Rabobank Sustainable Funding Framework 2025
Relative Value

COMPS

GBP T2

Issue Date

Security

Rating

Coupon

Amount Outstanding

Maturity

Call Date

Years to Call

UKT+

ESG

Nov-25

ANZ 5.1454 08/18/36

A3/A-/A-

5.15%

£500mm

18-Aug-36

18-Aug-31

4.9

118 (SONIA+136)

N

Aug-26

CBAAU 5.597 08/21/36

A2/A-/A

5.60%

£650mm

21-Aug-36

21-Aug-31

4.9

119 (SONIA+137)

N

GBP SNP

Jun-26

RABOBK 5.1442 10/16/31

A3/A-/A+

5.14%

£600mm

16-Oct-31

16-Oct-30

4.1

77 (SONIA+96)

Y

Feb-26

SWEDA 4 5/8 10/16/31

A2/A/AA-

4.63%

£400mm

16-Oct-31

16-Oct-30

4.1

80 (SONIA+99)

Y

EUR T2

Issue Date

Security

Rating

Coupon

Amount Outstanding

Maturity

Call Date

Years to Call

i+

ESG

Sep-26

ANZ 4.7296 12/22/36

NR/A-/A-

4.73%

€750mm

22-Dec-36

22-Dec-31

5.2

119

Y

Aug-25

CBAAU 3.788 08/26/37

A2/A-A

3.79%

€1,000mm

26-Aug-37

26-Aug-31

5.9

120

N

Jun-26

NDAFH 3 7/8 06/16/36

A3/A-/A

3.88%

€500mm

16-Jun-36

16-Jun-31

4.7

103

Y

Aug-26

SEB 4 08/18/37

A3/A-/A

4.00%

€500mm

18-Aug-37

18-Aug-32

5.9

105

N

Sep-26

SWEDA 0 09/29/36

A3/A-/A

4.50%

€500mm

29-Sep-36

29-Sep-31

5

108