Rabobank issues 100-year bonds
Wednesday 15 September 2010
Cooperative bank Rabobank on Tuesday sold $350 million worth of bonds which are set to mature in 100 years.
It is the first time a bank has sold senior bonds with such a long maturity.
The deal 'reflects the stability of Rabobank’s triple A credit ratings despite jitters about banks’ creditworthiness two years after Lehman Brothers filed for bankruptcy,' according to the Financial Times.
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