Rabo unveils four-stranded sustainable framework, prints $1bn

Four flavours citrus grapefruit from Adobe 18Sep20 375x375
By Jon Hay
18 Sep 2020

Rabobank has issued its largest green bond, a day after publishing a new Sustainable Funding Framework that will enable it to print debt in four different green and social flavours — a structure it hopes will give investors more clarity.

The $1bn senior non-preferred deal was launched on Thursday morning New York time and priced later in the day, after the book had peaked at $2.1bn, from 100 investors.

Bookrunners Barclays, Credit Suisse, Morgan Stanley, Rabobank and TD Securities set initial price thoughts for the six year non-call ...

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