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 2022 | EUR 1,000 | 4.875% | Jun 2029 | XS2456432413 | π |
Apr 2021 | EUR 750 | 3.100% | Jun 2028 | XS2332245377 | π |
Jul 2020 | EUR 1,000 | 4.375% | Jun 2027 | XS2202900424 | π |
Sep 2019 | EUR 1,250 | 3.250% | Dec 2026 | XS2050933972 | π |
Sep 2018 | EUR 1,000 | 4.625% | Dec 2025 | XS1877860533 | π |
Archive
Please find below the documentation of selected redeemed capital securities.
Issue date | Size (in mn) | Coupon | 1st Call date | ISIN | Docs |
---|---|---|---|---|---|
Apr 2016 | EUR 1,250 | 6.625% | Jun 2021 | XS1400626690 | π |
Disclaimer Funding & Capital
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This website and the prospectuses, offering circulars, information memorandums and other information and documents available for downloading therefrom (together the βInformationβ) are informative in nature and do not constitute an offer of securities to the public as meant in Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 as amended from time to time (the "Prospectus Regulation"), nor do they constitute a solicitation to make such an offer. In addition, the Information neither constitutes an offer of securities for sale nor a solicitation of an offer to purchase securities in the United States of America or in any other jurisdiction in which such offer or solicitation is not authorized. The Information also does not constitute such an offer or solicitation to any person to whom it is unlawful to make such an offer or solicitation. Users of this website are requested to inform themselves about and to observe any such restrictions. The Information does not constitute an "advertisement" within the meaning of the Prospectus Regulation or an advertisement (reclame-uiting) within the meaning of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht) and rules and regulations promulgated thereunder.
The Information does not constitute investment advice or an investment recommendation in respect of any financial instrument, nor does it constitute information in which an investment strategy or investment decision is explicitly (or implicitly) recommended (or proposed).
Visitors to this website cannot derive any rights from this disclaimer or the Information. The Information may be changed or terminated, or access thereto limited, without further notice. CoΓΆperatieve Rabobank U.A., any and all of its branches and any and all of its affiliated companies, Rabo Covered Bond Company B.V., Rabo Covered Bond Company 2 B.V. and Stichting AK Rabobank Certificaten accept no liability whatsoever for any damages (including lost profits) ensuing from the use of the website, the availability thereof or the accuracy, completeness and correctness of the Information. This disclaimer (including the choice of the Amsterdam court below) is governed by the laws of the Netherlands. All disputes arising from this disclaimer shall be submitted exclusively to the competent court in Amsterdam, the Netherlands.
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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 2023 | JPY 20,000 | 1.550% | Mar 2028 | Mar 2033 | XS2595692067 | π |
Oct 2022 | AUD 300 | 7.074% | Oct 2027 | Oct 2032 | AU3CB0293348 | π |
Oct 2022 | AUD 200 | floating | Oct 2027 | Oct 2032 | AU3FN0072732 | π |
Aug 2022 | EUR 750 | 3.875% | Aug 2027 | Nov 2032 | XS2524143554 | π |
Jul 2022 | JPY 7,000 | 1.230% | Apr 2029 | Jul 2034 | XS2502358448 | π |
Jun 2022 | AUD 90 | 5.454% | n.a. | Jun 2037 | XS2486281467 | π |
Apr 2022 | AUD 60 | 5.000% | n.a. | Apr 2037 | XS2472190482 | π |
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 2017 | USD 500 | 4.000% | Apr 2024 | Apr 2029 | XS1592433038 | πππ |
Tier 2 subordinated notes issued on a stand-alone basis
Issue date | Size (in mn) | Coupon | 1st Call date | Maturity date | ISIN | Docs |
---|---|---|---|---|---|---|
Jul 2016 | USD 1,500 | 3.750% | n.a. | Jul 2026 | US21684AAF30 | ππ |
Aug 2015 | USD 1,500 | 4.375% | n.a. | Aug 2025 | US21684AAC09 | ππ |
Aug 2015 | USD 1,250 | 5.250% | n.a. | Aug 2045 | US21684AAD81 | ππ |
Dec 2014 | JPY 50,800 | 1.429% | n.a. | Dec 2024 | JP552816AEC3 | π |
May 2014 | GBP 1,000 | 4.625% | n.a. | May 2029 | XS1069886841 | π |
Nov 2013 | USD 1,250 | 5.750% | n.a. | Dec 2043 | US21684AAB26 | πππ |
Sep 2012 | GBP 500 | 5.250% | n.a. | Sep 2027 | XS0827563452 | π |
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 2014 | EUR 2,000 | 2.500% | May 2021 | May 2026 | XS1069772082 | π |
Tier 2 subordinated notes originally issued by Friesland Bank
Issue date | Size (in mn) | Coupon | 1st Call date | Maturity date | ISIN | Docs |
---|---|---|---|---|---|---|
Dec 2005 | EUR 10 | 4.210% | n.a. | Dec 2025 | XS0239154643 | π |
Other funding and capital topics
Contact Investor Relations
IR@rabobank.com