Rabo mandates first senior deal for 2012 as LTRO improves FIG mood
Rabobank has mandated Bank of America Merrill Lynch, Morgan Stanley, UBS and its own investment bank to manage a 10 year senior unsecured deal. The Dutch bank is expected to open books on Wednesday morning, making it the first issuer to enter the market in 2012.
Given the positive backdrop and the fact that Tuesdays covered deals have gone well, we decided we should be out as soon as possible, said Sjaak-Jan Baars, vice president, long term funding at Rabobank.
The European Central Banks introduction late last year of a three year refinancing operation
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