Conditions coalescing for senior unsecured following Rabobank Australia deal

The issuer of Australia's first domestic senior unsecured bank deal of 2012, Rabobank Nederland Australia Branch (Rabobank Australia), says the transaction demonstrates the ongoing investor support for the asset class despite the recent issuance focus on covered bonds. While price discovery was challenging given the lack of recent comparable transactions, Rabobank Australia also says the February 2 tap to its April 2015 line attracted broad demand.