AT1 Levels entice as Rabo sets coupon record

摘要

Rabobank broke Additional Tier 1 records last Monday, landing a €1.25bn issue with an all-time low 3.25% coupon. Attractive funding levels and increased investor attention from buyers searching for yield are enticing issuers to fill their capital needs now, ahead of calls in 2020. Leads Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley and Rabobank started marketing the perpetual non-call December 2026 with initial price thoughts of 3.625% area.