Rabobank upsizes NZ hybrid and sets margin
- Thursday, 30 April 2009
On April 29 Rabobank Nederland (AAA/Aaa) (Rabobank) set the margin on its New Zealand market PIE (portfolio investment entity) Capital Securities transaction at 375 basis points over swap and announced it has upsized the transaction, to NZ$330 million (US$186.85 million) from the indicative level of NZ$200 million at launch.
