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News on New Investment

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Rabobank Nederland NZ Branch has today announced the issue of up to NZ$175m five year unsecured unsubordinated fixed rate notes. The issue margin is 1.07% above the 5 year swap rate. If set today this would equate to a yield of approximately 5.73%.The issuer rating is AAA with Standard and Poors. The minimum denomination is NZ$10,000 with multiples of $1,000 thereafter