Rabo tier two ‘builds bail-in buffer’

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Rabo tier two ‘builds bail-in buffer’

Rabobank sold a €1bn 10 year bullet tier two bond on Wednesday that has since underperformed the wider market in secondary trading. But a banker involved in the trade said the issuer had fulfilled its objectives for the opportunistic trade, which helps build a solid buffer of tier two capital to protect the bank’s senior bondholders from bail-in.

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