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Capital instruments (other than Rabobank Certificates)

Rabobank issues subordinated Tier 2 notes and deeply subordinated Additional Tier 1 capital securities to comply with the bank's prudential minimum capital requirements and to realize its capital ambitions.

Additional Tier 1 capital instruments

Perpetual capital securities

These capital securities are deeply subordinated notes issued directly by Rabobank. They rank senior to Rabobank Certificates and are classified as Additional Tier 1 capital. All instruments outstanding are CRR2 / CRD IV compliant. The temporary write down capital securities have a dual trigger of 7% CET1 ratio on Rabobank Group level and 5.125% CET1 ratio on Issuer level. The capital securities listed below are ranked in order of their issue date.

Issue date

Size
(in mn)
Coupon

1st Call date

ISIN

Docs

Apr 2022EUR 1,0004.875%Jun 2029XS2456432413πŸ“„
Apr 2021EUR 7503.100%Jun 2028XS2332245377πŸ“„
Jul 2020EUR 1,0004.375%Jun 2027XS2202900424πŸ“„
Sep 2019EUR 1,2503.250%Dec 2026XS2050933972πŸ“„
Sep 2018EUR 1,0004.625%Dec 2025XS1877860533πŸ“„

Archive

Please find below the documentation of selected redeemed capital securities.

Issue date

Size
(in mn)
Coupon

1st Call date

ISIN

Docs

Apr 2016EUR 1,2506.625%Jun 2021XS1400626690πŸ“„
Rabobank

Tier 2 subordinated notes

Dated subordinated notes

These dated subordinated notes rank senior to the Additional Tier 1 capital securities shown above and are classified as Tier 2 capital. All notes outstanding are CRR2 / CRD IV compliant. Rabobank has been issuing Tier 2 subordinated notes under a program since late 2016, when a dedicated Tier 2 Program was launched. Since May 2018 the latter has been integrated into Rabobank's GMTN Program. The subordinated notes listed below are ranked in order of their issue date.

Tier 2 subordinated notes issued under GMTN program

These notes are issued directly by Rabobank under its GMTN Program. Please note that the information below must be read together with the GMTN Program documentation.

Issue date

Size
(in mn)
Coupon

1st Call date

Maturity
date
ISIN

Docs

Mar 2023JPY 20,0001.550%Mar 2028Mar 2033XS2595692067πŸ“„
Oct 2022AUD 3007.074%Oct 2027Oct 2032AU3CB0293348πŸ“„
Oct 2022AUD 200floatingOct 2027Oct 2032AU3FN0072732πŸ“„
Aug 2022EUR 7503.875%Aug 2027Nov 2032XS2524143554πŸ“„
Jul 2022JPY 7,0001.230%Apr 2029Jul 2034XS2502358448πŸ“„
Jun 2022AUD 905.454%n.a.Jun 2037XS2486281467πŸ“„
Apr 2022AUD 605.000%n.a.Apr 2037XS2472190482πŸ“„

Tier 2 subordinated notes issued under Tier 2 program

These notes were issued directly by Rabobank under its dormant Tier 2 Program and redeemed in April 2024. Please note that the information below must be read together with the Tier 2 Program documentation.

Issue date

Size
(in mn)
Coupon

1st Call date

Maturity
date
ISIN

Docs

Apr 2017USD 5004.000%Apr 2024Apr 2029XS1592433038πŸ“„πŸ“„πŸ“„

Tier 2 subordinated notes issued on a stand-alone basis

Issue date

Size
(in mn)
Coupon

1st Call date

Maturity
date
ISIN

Docs

Jul 2016USD 1,5003.750%n.a.Jul 2026US21684AAF30πŸ“„πŸ“„
Aug 2015USD 1,5004.375%n.a.Aug 2025US21684AAC09πŸ“„πŸ“„
Aug 2015USD 1,2505.250%n.a.Aug 2045US21684AAD81πŸ“„πŸ“„
Dec 2014JPY 50,8001.429%n.a.Dec 2024JP552816AEC3πŸ“„
May 2014GBP 1,0004.625%n.a.May 2029XS1069886841πŸ“„
Nov 2013USD 1,2505.750%n.a.Dec 2043US21684AAB26πŸ“„πŸ“„πŸ“„
Sep 2012GBP 5005.250%n.a.Sep 2027XS0827563452πŸ“„

Archive

Please find below the documentation of selected redeemed subordinated notes.

Issue date

Size
(in mn)
Coupon

1st Call date

Maturity
date
ISIN

Docs

May 2014EUR 2,0002.500%May 2021May 2026XS1069772082πŸ“„

Tier 2 subordinated notes originally issued by Friesland Bank

Issue date

Size
(in mn)
Coupon

1st Call date

Maturity
date
ISIN

Docs

Dec 2005EUR 104.210%n.a.Dec 2025XS0239154643πŸ“„

Other funding and capital topics

Contact Investor Relations

IR@rabobank.com