Rabobank sets record low coupon for euro AT1

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Rabobank sets record low coupon for euro AT1

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B8JJ54 SACRAMENTO CA February 14 2009 Rabobank team cyclist racing at Amgen Tour of California time trials | Alamy Stock Photo

Rabobank launched an additional tier one (AT1) bond with a record low coupon in the euro market this week. The Dutch bank started with price thoughts of 3.625%, but tightened by 40bp to smash through the previous record of 3.5%, set by Nordea in 2017.

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