Obligation Rabobank 0% ( NL0013771603 ) en EUR

Rabobank

100 % ⇌

Pays-bas

NL0013771603 ( en EUR )

02/09/2024 - Obligation échue

Prospectus brochure de l'obligation Rabobank NL0013771603 en EUR 0%, échue

Rabobank est une banque coopérative néerlandaise multinationale spécialisée dans les services financiers pour les secteurs de l'agroalimentaire, des entreprises et des particuliers.

L'Obligation émise par Rabobank ( Pays-bas ) , en EUR, avec le code ISIN NL0013771603, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 02/09/2024

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 01RCB
EXECUTION COPY

FINAL TERMS
Dated 29 August 2019
COÖPERATIEVE RABOBANK U.A.
(incorporated in the Netherlands with its statutory seat in Amsterdam and registered in the
Commercial Register of the Chamber of Commerce under number 30046259)
Issue of EUR 1,000,000 0.000 per cent. Fixed Rate Covered Bonds due 2 September 2024
Guaranteed as to payment of principal and interest by
Rabo Covered Bond Company 2 B.V.
under the 45,000,000,000
Covered Bond Programme
The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the
basis that any offer of Covered Bonds in any Member State of the European Economic Area which has
implemented the Prospectus Directive (each a "Relevant Member State") will be made pursuant to an
exemption under the Directive 2003/71/EC, as amended or superseded (the "Prospectus Directive"), as
implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of
the Covered Bonds. Accordingly any person making or intending to make an offer in that Relevant
Member State of the Covered Bonds may only do so in circumstances in which no obligation arises for
the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or
supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to
such offer. Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any
offer of Covered Bonds in any other circumstances.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Covered Bonds are not intended
to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the European Economic Area ("EEA"). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1)
of Directive 2014/65/EU, as amended ("MiFID II"); (ii) a customer within the meaning of Directive
2016/97/EU ("IDD"), where that customer would not qualify as a professional client as defined in point
(10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Directive.
Consequently no key information document required by Regulation (EU) No 1286/2014, as amended (the
"PRIIPs Regulation") for offering or selling the Covered Bonds or otherwise making them available to
retail investors in the EEA has been prepared and therefore offering or selling the Covered Bonds or
otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPS
Regulation.
MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE
COUNTERPARTIES ("ECPS") ONLY TARGET MARKET Solely for the purposes of the
manufacturer's product approval process, the target market assessment in respect of the Covered Bonds
has led to the conclusion that: (i) the target market for the Covered Bonds is eligible counterparties and
professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Covered
Bonds to eligible counterparties and professional clients are appropriate. Any person subsequently
offering, selling or recommending the Covered Bonds (a "distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible for
undertaking its own target market assessment in respect of the Covered Bonds (by either adopting or
refining the manufacturer's target market assessment) and determining appropriate distribution channels.

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 01RCB
EXECUTION COPY

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the
"Conditions") set forth in the Base Prospectus dated 14 May 2019 and the supplemental Base Prospectus
dated 15 August 2019 which together constitute a base prospectus (the "Base Prospectus") for the
purposes of the Prospectus Directive. This document constitutes the Final Terms of the Covered Bonds
described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in
conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Covered Bonds
is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base
Prospectus is available for viewing at www.rabobank.com/en/investors and during normal business hours
at the registered office of the Issuer, currently at Croeselaan 18, 3521 CB Utrecht, the Netherlands and
copies may be obtained from the Issuer at that address.
Each potential investor in the Covered Bonds must determine the suitability of that investment in light of
its own circumstances. A potential investor should not invest in Covered Bonds which are complex
financial instruments unless it has the expertise (either alone or with a financial adviser) to evaluate how
the Covered Bonds will perform under changing conditions, the resulting effects on the value of the
Covered Bonds and the impact this investment will have on the potential investor's overall investment
portfolio.
1.
(i)
Issuer:
Coöperatieve Rabobank U.A.

(ii)
CBC:
Rabo Covered Bond Company 2 B.V.
2.
(i)
Series Number:
01RCB

(ii)
Tranche Number:
1

(iii)
Date on which the Covered Not Applicable
Bonds become fungible:
3.
Currency:
Euro
4.
Aggregate Nominal Amount:

(i)
Series:
EUR 1,000,000

(ii)
Tranche:
EUR 1,000,000
5.
Issue Price:
102.672 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denominations:
EUR 100,000

(ii)
Calculation Amount:
EUR 100,000
7.
(i)
Issue Date:
2 September 2019

(ii)
Interest Commencement Date:
Issue Date
8.
(i)
Final Maturity Date:
2 September 2024

(ii)
Extended Due for Payment The Specified Interest Payment Date falling in or
Date:
nearest to September 2025
9.
Interest Basis:
0.000 per cent. Fixed Rate from, and including the
Interest Commencement Date to, but excluding the
Final Maturity Date. Thereafter, 1 month EURIBOR
plus -0.05 per cent. Floating Rate
(further particulars specified below)

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 01RCB
EXECUTION COPY

10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption and subject to Condition 3 (The
Guarantee), the Covered Bonds will be redeemed on
the Final Maturity Date at 100 per cent. of their
nominal amount
11.
Change of Interest Basis:
In accordance with paragraphs 14 and 15 below
12.
Call Option(s):
Not Applicable
13.
(i)
Status of the Covered Bonds:
Unsubordinated, unsecured, guaranteed

(ii)
Status of the Guarantee:
Unsubordinated, secured (indirectly, through a
parallel debt), unguaranteed
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Covered Bond Provisions
Applicable

(i)
Rate of Interest:
0.000 per cent. per annum payable annually in arrear
on each Interest Payment Date (provided however
that after the date when the Guaranteed Final
Redemption Amount is Due for Payment (the
"Extension Date"), interest shall be payable
monthly)

(ii)
Interest Payment Date(s):
2 September in each year up to and including the
Final Maturity Date (provided however that after
the Extension Date, the Interest Payment Date shall
be monthly and the first Interest Payment Date
following the Extension Date shall be 2 October 2024
in accordance with paragraph 15 below)

(iii)
Fixed Coupon Amount(s):
EUR 0 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA)

(vi)
Determination Date(s):
2 September in each year

(vii)
Business Day Convention
Following Business Day Convention, Unadjusted

(viii)
Additional Business Centre(s):
Amsterdam
15.
Floating
Rate
Covered
Bond Applicable as of and including the Final Maturity
Provisions
Date

(i)
Interest Period(s):
1 month

(ii)
Specified Period:
Not Applicable

(iii)
Specified
Interest
Payment The 2nd day of each month, commencing on the date
Dates:
falling one month after the Final Maturity Date (the
"First Interest Payment Date"), up to, and including
the Extended Due for Payment Date, subject to
adjustment in accordance with the Business Day
Convention set out in (iv) below

(iv)
Business Day Convention:
Modified Following Business Day Convention

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 01RCB
EXECUTION COPY

(v)
Unadjusted:
No

(vi)
Additional Business Centre(s):
Not Applicable

(vii)
Manner in which the Rate(s) of Screen Rate Determination
Interest and Interest Amount(s)
is/are to be determined:

(viii)
Calculation Agent
Principal Paying Agent

(ix)
Screen Rate Determination:
Applicable

--
Reference Rate:
1 month EURIBOR

--
Interest Determination Date(s):
The second day on which TARGET2 is open prior to
the start of each Interest Period

--
Relevant Screen Page:
Reuters EURIBOR01

--
Location of Reference Banks:
As per the Conditions

(x)
ISDA Determination:
Not Applicable

(xi)
Margin(s):
-0.05 per cent. per annum

(xii)
Minimum Rate of Interest:
0.00 per cent. per annum

(xiii)
Maximum Rate of Interest:
Not Applicable

(xiv)
Day Count Fraction:
Actual/360
16.
1
Zero
Coupon
Covered
Bond Not Applicable
Provisions
PROVISIONS RELATING TO REDEMPTION
17.
Issuer Call
Not Applicable
18.
Final Redemption Amount of each EUR 100,000 per Calculation Amount
Covered Bond
19.
Early Redemption Amount of each
Covered Bond

Early
Redemption
Amount
per As set out in Condition 6 (Redemption and Purchase)
Calculation
Amount
payable
on
redemption for taxation reasons, or on
acceleration following an Issuer Event
of Default as against the Issuer or a CBC
Event of Default or other early
redemption:
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
20.
Form of Covered Bonds:
Bearer form

Temporary Global Covered Bond exchangeable for a
Permanent Global Covered Bond which is
exchangeable for Definitive Covered Bonds only
upon an Exchange Event, subject to mandatory
provisions of applicable laws and regulations

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 01RCB
EXECUTION COPY

21.
New Global Note:
Yes
22.
Exclusion of set-off:
Not Applicable
23.
For the purposes of Condition 13, Yes, in the Financial Times
notices to be published in a newspaper:
24.
2Additional Financial Centre(s):
Not Applicable
6
.
25.
2Talons for future Coupons or Receipts to Not Applicable
8be attached to Definitive Covered Bonds
. (and dates on which such Talons
mature):
26.
2Consolidation provisions:
The provisions of Condition 16 (Further Issues)
9
apply
.
27.
3Relevant Benchmark:
EURIBOR is provided by the European Money
0
Markets Institute. As at the date hereof, European
.
Money Markets Institute, in respect of Euribor,
appears on the register of administrators and
benchmarks established and maintained by ESMA
pursuant to Article 36 of the Benchmark Regulation

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms. The CBC accepts
responsibility for the information relating to the CBC contained in these Final Terms.
Signed on behalf of the Issuer:
Signed on behalf of the CBC:
By:
By:

Duly authorized
Duly authorised
By:
By:

Duly authorised
Duly authorised

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 01RCB
EXECUTION COPY

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(i)
Listing:
Euronext Amsterdam

(ii)
Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Covered Bonds to be admitted to
trading on Euronext Amsterdam with effect from
the Issue Date

(iii)
Estimate of total expenses related to EUR 3,850
admission to trading:

2.
RATINGS

Ratings:
The Covered Bonds to be issued are expected to
be rated:

Moody's: Expected to be rated Aaa

Moody's Investors Service Ltd. is established in
the EEA and registered under Regulation (EC) No
1060/2009, as amended (the "CRA Regulation")
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in Section 1.5 Subscription and Sale, so far as the Issuer is aware, no person
involved in the issue of the Covered Bonds has an interest material to the offer.
4.
YIELD (Fixed Rate Covered Bonds only)

Indication of yield:
-0.526 per cent. per annum

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield
5.
OPERATIONAL INFORMATION
(i)
ISIN Code:
NL0013771603
(ii)
Common Code:
204281653
(iii)
Other relevant code:
Not Applicable
(iv)
Intended to be held in a manner which Yes
would allow Eurosystem eligibility:
Note that the designation "yes" simply means that
the Covered Bonds are intended upon issue to be
deposited with Euroclear Netherlands and does
not necessarily mean that the Covered Bonds will
be recognized as eligible collateral for
Eurosystem monetary policy and intra day credit
operations by the Eurosystem either upon issue or
at any or all times during their life. Such
recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have
been met.

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 01RCB
EXECUTION COPY

(v)
Any clearing system(s) other than Euroclear Euroclear Netherlands
Bank SA/NV and Clearstream Banking,
société
anonyme
and
the
relevant
identification number(s):
(vi)
Delivery:
Delivery free of payment
(vii)
Names and addresses of additional Paying Not Applicable
Agent(s) (if any):
6.
DISTRIBUTION
(i)
Method of distribution:
Non-syndicated
(ii)
(a)
If syndicated, names of Managers:
Not Applicable

(b)
Stabilising Manager(s) (if any):
Not Applicable
(iii)
If non-syndicated, name of Dealer(s):
Coöperatieve Rabobank U.A.
(iv)
U.S. selling restrictions:
Regulation S Compliance Category 2 and TEFRA
D
(v)
ERISA:
No
(vi)
Applicable Netherlands / Global selling As set out in the Base Prospectus
restriction:
(vii)
Additional selling restrictions:
Not Applicable

Document Outline

#6">1. LISTING AND ADMISSION TO TRADING