Obligation Rabbobank 0% ( XS1606607833 ) en GBP

Rabbobank

100 % ⇌

Pays-Bas

XS1606607833 ( en GBP )

03/05/2018 - Obligation échue

Prospectus brochure de l'obligation Rabobank XS1606607833 en GBP 0%, échue

100 000 GBP

650 000 000 GBP

Rabobank est une banque coopérative d'origine néerlandaise et un acteur mondial majeur du financement de l'agriculture et de l'alimentation.

L'Obligation émise par Rabbobank ( Pays-Bas ) , en GBP, avec le code ISIN XS1606607833, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 03/05/2018

EXECUTION VERSION

FINAL TERMS

COÖPERATIEVE RABOBANK U.A.
(a cooperative (coöperatie) formed under the laws of the Netherlands with its statutory seat in
Amsterdam)
COÖPERATIEVE RABOBANK U.A.
AUSTRALIA BRANCH
(Australian Business Number 70 003 917 655)
(a cooperative (coöperatie) formed under the laws of the Netherlands with its statutory seat in
Amsterdam)
COÖPERATIEVE RABOBANK U.A.
NEW ZEALAND BRANCH
(New Zealand Business Number 9429038354397)
(a cooperative (coöperatie) formed under the laws of the Netherlands with its statutory seat in
Amsterdam)
EUR 160,000,000,000
Global Medium-Term Note Programme
Due from seven days to perpetuity
SERIES NO: 3084A
TRANCHE NO: 2
GBP 400,000,000 Floating Rate Notes 2017 due May 2018 (the "Notes")
(to be consolidated and form a single series with the existing GBP 250,000,000 Floating Rate
Notes 2017 due May 2018 issued on 3 May 2017 (the "Existing Notes"))
Issue Price: 100.004218 per cent. (plus GBP 61,647.56 accrued interest from, and including,
3 May 2017 to, but excluding, 17 May 2017)
Rabobank London
The date of these Final Terms is 15 May 2017

EXECUTION VERSION

PART A -- CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and
conditions set forth in the base prospectus dated 10 May 2016 (the "Conditions"), which are
incorporated by reference in the base prospectus dated 10 May 2017 (together, the "Base Prospectus")
which together constitute a base prospectus for the purposes of Directive 2003/71/EC (and amendments
thereto, including Directive 2010/73/EU) (the "Prospectus Directive"). This document constitutes the
Final Terms of the Notes 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
Notes is only available on the basis of the combination of these Final Terms, the Base Prospectus and
the Conditions. The Base Prospectus is available for viewing at, and copies may be obtained from,
Rabobank at Croeselaan 18, 3521 CB Utrecht, the Netherlands and the principal office of the Paying
Agent in Luxembourg, Amsterdam and www.bourse.lu.
Each potential investor in the Notes must determine the suitability of that investment in
light of its own circumstances. A potential investor should not invest in Notes which are complex
financial instruments unless it has the expertise (either alone or with a financial adviser) to
evaluate how the Notes will perform under changing conditions, the resulting effects on the value
of the Notes and the impact this investment will have on the potential investor's overall
investment portfolio.

1
Issuer:
Coöperatieve Rabobank U.A.
2
(i)
Series Number:
3084A
(ii) Tranche Number:
2
(iii) Date on which the Notes become fungible:
The Notes shall be consolidated, form a
single series and be interchangeable for
trading purposes with the GBP 250,000,000
Floating Rate Notes 2017 due May 2018
(the "Existing Notes") on the Issue Date
3
Specified Currency or Currencies:
Sterling ("GBP")
4

Aggregate nominal amount:
(i)
Series:
GBP 650,000,000
(ii) Tranche:
GBP 400,000,000
5
Issue Price:
100.004218 per cent. of the aggregate
nominal amount (plus GBP 61,647.56 this
being 14 days' accrued interest in respect of
the period from, and including, the Interest
Commencement Date to, but excluding,the
Issue Date)
6
(i)
Specified Denominations:
GBP 100,000 and integral multiples of GBP
1,000 in excess thereof, up to and including
GBP 199,000. No Notes in definitive form
will be issued with a denomination above
GBP 199,000.
(ii) Calculation Amount:
GBP 1,000

EXECUTION VERSION
7
(i)
Issue Date:
17 May 2017
(ii) Interest Commencement Date:
3 May 2017
8
Maturity Date:
The Specified Interest Payment Date falling
in or nearest to May 2018
9
Interest Basis:
3 month GBP-LIBOR + 0.08 per cent.
Floating Rate
(further particulars specified below)
10 Change of Interest Basis:
Not Applicable
11 Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Notes will be
redeemed on the Maturity Date at 100.00
per cent. of their nominal amount
12 Alternative Currency Equivalent:
Not Applicable
13 Put/Call Options/Automatic Early Redemption:
Not Applicable
14 (i) Status of the Notes:
Senior

(ii) Domestic Note (if Domestic Note, there will be No
no gross-up for withholding tax):

(iii) Date of approval for issuance of Notes Not Applicable
obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15 Fixed Rate Note Provisions
Not Applicable
16 Floating Rate Note Provisions
Applicable
(i)
Interest Period(s):
As specified in Condition 1
(ii) Specified Interest Payment Dates:
Quarterly in arrears, commencing on 3
August 2017 up to and including 3 May
2018
(iii) Business Day Convention:
Modified
Following
Business
Day
Convention
(iv) Business Centre(s) (Condition 1(a)):
Not Applicable
(v) Manner in which the Rate(s) of Interest is/are Screen Rate Determination
to be determined:
(vi) Interest Period Date(s):
Not Applicable
(vii) Applicable formula to be used for calculating Condition 6(b)(iii)(B) shall apply
the Rate(s) of Interest and Interest Amount(s):
(viii) Party responsible for calculating the Rate(s) of Calculation Agent
Interest and Interest Amount(s):
(ix) Screen
Rate
Determination
(Condition Applicable
6(b)(iii)(B)):

Reference Rate(s):
GBP-LIBOR-BBA
with
a
Designated

EXECUTION VERSION
Maturity of three (3) months

Interest Determination Date:
The first day of each Interest Period

Relevant Screen Page(s):
Reuters Screen Page "LIBOR01" as of
11:00 a.m. London time

Location of Reference Banks:
As per the Conditions
(x) ISDA Determination (Condition 6(b)(iii)(A)):
Not Applicable
(xi) Linear Interpolation:
Not Applicable
(xii) Margin(s):
+0.08 per cent. per annum
(xiii) Minimum Rate of Interest:
Not Applicable
(xiv) Maximum Rate of Interest:
Not Applicable
(xv) Day Count Fraction (Condition 1(a)):
Actual/365 (Fixed), adjusted
(xvi) Gearing Factor:
Not Applicable
(xvii) Previous Coupon:
Not Applicable
17 Inverse Floating Rate Note Provisions
Not Applicable
18 Range Accrual Note Provisions
Not Applicable
19 Zero Coupon Note Provisions
Not Applicable
20 CMS Linked Note Provisions
Not Applicable
21 Variable Rate Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION
22 Call Option
Not Applicable
23 Put Option
Not Applicable
24 Automatic Early Redemption
Not Applicable
25 Early Redemption Amount

Early Redemption Amount(s) payable per
As set out in the Conditions
Calculation Amount on redemption (a) on the
occurrence of an event of default (Condition 14); or
(b) for illegality (Condition 7(f)); or (c) for taxation
reasons (Condition 7(c)):
26 Final Redemption Amount of each Note
GBP 1,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES
27 Form of Notes
Bearer Notes

Temporary Global Note exchangeable for a
permanent Global Note not earlier than 40
days after the completion of the distribution
of the Tranche of which such Note is a part
nor later than 40 days prior to the first
anniversary of the original Issue Date (i.e.
24 March 2018) which is exchangeable for
Definitive Notes in the limited circumstances

EXECUTION VERSION
specified in the permanent Global Note
28 New Global Notes:
Yes
29 Financial Centre(s) (Condition 10(h)):
Condition 11(h)(i)(B) applies.
London
30 Redenomination, renominalisation and
Not Applicable
reconventioning provisions:
31 Consolidation provisions:
Not Applicable
32 Prohibition of Sales to EEA Retail Investors:
Not Applicable

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required to list and have admitted to trading the issue of
Notes described herein pursuant to the EUR 160,000,000,000 Global Medium-Term Note Programme of
Rabobank.

Signed on behalf of the Issuer
By:

Duly authorised

EXECUTION VERSION
PART B OTHER INFORMATION
1
Listing

(i)
Listing:
Luxembourg Stock Exchange
(ii) Admission to trading:
Application has been made for the Notes to be
admitted to trading on the Regulated Market of
the Luxembourg Stock Exchange with effect
from the Issue Date.
The Notes will, on the Issue Date, be
consolidated and form a single series with the
Existing Notes, which are already listed and
admitted to trading on the Regulated Market of
the Luxembourg Stock Exchange.
(iii) Estimate of total expenses related to
EUR 700
admission to trading:
(iv) In the case of Notes listed on Euronext
Not Applicable
Amsterdam:
2
Ratings

Rating:
The Notes to be issued are expected to be
rated:

Fitch: AA-

Moody's: Aa2

Standard & Poor's: A+

As defined by Fitch, an AA rating means that
the Notes are judged to be of a very high credit
quality and denotes expectations of very low
default risk. It indicates very strong capacity for
payment of financial commitments and is not
significantly vulnerable to foreseeable events.
The modifier "-" is appended to denote relative
status within the rating category.

As defined by Moody's, obligations rated Aa2
are judged to be of high quality and are subject
to very low credit risk. The modifier 2 indicates
that the obligation ranks in the mid-range of its
generic rating category.

EXECUTION VERSION

As defined by Standard & Poor's, an A rating
means that the Notes are somewhat more
susceptible to the adverse effects of changes in
circumstances and economic conditions than
notes in higher-rated categories. However, the
Issuer's
capacity
to
meet
its
financial
commitment on the obligation is still strong. The
`A' rating is modified by the addition of a plus
(+) sign to show relative standing within the `A'
rating category.

Each of Fitch, Moody's and Standard & Poor's
is established in the EU and registered under
Regulation (EC) No 1060/2009.
3
Interests of natural and legal persons involved in the offer
Save for any fees payable to the [Managers/Dealer], so far as the Issuer is aware, no person
involved in the offer of the Notes has an interest material to the offer. The Dealer and its affiliates
have engaged, and may in the future engage, in investment banking and/or commercial banking
transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary
course of business.
4
Yield (Fixed Rate Notes only)

Indication of yield:
Not Applicable
5
Operational information

(i)
Intended to be held in a manner which Yes. Note that the designation "yes" simply
would allow Eurosystem eligibility:
means that the Notes are intended upon issue
to be deposited with one of the ICSDs as
common safekeeper and does not necessarily
mean that the Notes will be recognised 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.
(ii) ISIN:
XS1606607833
(iii) Common Code:
160660783
(iv) German WKN-code:
Not Applicable
(v) Private Placement number:
Not Applicable

EXECUTION VERSION
(vi) CUSIP Number:
Not Applicable
(vii) Any clearing system(s) other than
Not Applicable
Euroclear and Clearstream, Luxembourg
and the relevant number(s):
(viii) Delivery:
Delivery against payment
(ix) Names and addresses of additional
Not Applicable
Paying/Delivery Agent(s) (if any):
(x) Names (and addresses) of Calculation
Deutsche
Bank
AG,
London
Branch,
Agent(s):
Winchester House, 1 Great Winchester Street,
London EC2N 2DB, United Kingdom
6
Distribution

(i)
Method of distribution:
Non-syndicated
(ii) If syndicated, names and addresses of Not Applicable
Managers:
(iii) Date of Subscription Agreement:
Not Applicable
(iv) Stabilising Manager(s) (if any):
Not Applicable
(v) Dealer's Commission:
Not Applicable
(vi) If non-syndicated, name and address of Coöperatieve Rabobank U.A. trading as
Dealer:
Rabobank London, Thames Court, One
Queenhithe,
London
EC4V
3RL
United
Kingdom
(vii) Applicable TEFRA exemption:
TEFRA D
(viii) Non-exempt Offer:
Not Applicable
(ix) General Consent:
Not Applicable
7
General
Not Applicable

EXECUTION VERSION