Rabobank Australia captures short-term demand in NSFR-compliant format
The stable funding note (SFN) priced by Rabobank Nederland Australia Branch (Rabobank Australia) (AA/Aaa/AA) on April 30 enabled the bank to capture demand from investors in shorter-tenor securities while still satisfying net stable funding ratio (NSFR) rules, issuer and lead say. The A$325 million (US$338.9 million) deal has a five-year maturity but also includes a put option allowing holders to cash out of their investment with 12 months' notice.
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Deal and ratings review, week ending April 27 2012
Deal flow took the week off as Anzac day fell mid-week and volatility continued in the market. There were no public syndicated transactions in either the Australian or New Zealand markets, from domestic or offshore borrowers.
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