By Gareth Vaughan Rabobank has announced it will pay annual interest of 5.465 percent on its NZ$250 million bond offer. The local arm of the Dutch bank priced the offer, which was raised by NZ$50 million to NZ$250 million on Wednesday due to strong investor demand, on Thursday. The three-year fixed rate senior bonds were priced at 80 basis points above the 4.665 percent three year swap rate. The bonds will be issued to investors next Monday, April 19 and mature on April 19, 2013. Rabobank plans to use the money raised to fund its New Zealand business operations. The offer's lead managers are Commonwealth Bank of Australia, ANZ National Bank and Bank of New Zealand. This was first published this morning in our Daily Banking and Finance newsletter, which is for our paying subscribers. Find out more here.
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