Rabo goes ‘incredibly’ tight for new 12 year non-pref

By Tyler Davies
18 Feb 2021

Rabobank found good demand for a 12 year senior bond in the euro market this week, as it took advantage of rise in rates to land at a record tight spread.

Highly rated names have struggled to get investors excited about new senior offerings throughout most of 2021. 

Low rates and tight spreads have meant that preferred and non-preferred senior bonds offer limited yield, even at the longer end of the maturity spectrum. 

But swap rates have ...

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