Against all the odds: Rabobank’s November 2011 deal
Credit Suisse, Morgan Stanley, Nomura and Rabobank seals a deal in turbulent conditions and claims a Euromoney Deal of the Year 2011.
New parameters were not the preserve of the SSA market: European FIG was battered not only by sovereign distress but also by grinding regulatory uncertainty throughout the year. Rabobank’s $2 billion 8.4% perpetual non-call tier 1 issue in early November was an answer to both.
Sid Prasad, head of EMEA FIG global finance at Nomura in London, says:
For full details and the story behind this deal, click here