Bond Rabbobank 0.75% ( XS2014373851 ) in EUR

Rabbobank

100 % ⇌

Netherlands

XS2014373851 ( in EUR )

0.75% per year ( payment 1 time a year)

21/06/2039 - Bond has expired

Prospectus brochure of the bond Rabobank XS2014373851 in EUR 0.75%, expired

100 000 EUR

1 125 000 000 EUR

Rabobank is a Dutch cooperative bank with a strong international focus on the food and agribusiness sectors.

The Bond issued by Rabbobank ( Netherlands ) , in EUR, with the ISIN code XS2014373851, pays a coupon of 0.75% per year.
The coupons are paid 1 time per year and the Bond maturity is 21/06/2039

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION
FINAL TERMS
27 January 2021
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
,000,000 0.750 per cent. Fixed Rate Covered Bonds due 21 June 2039 (the
(to
be consolidated and form a single series with the 1,000,000,000 0.750 per cent. Fixed Rate Covered Bonds
due 21 June 2039 issued on 21 June 2019
)
Guaranteed as to payment of principal and interest by
Rabo Covered Bond Company B.V.
under the

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 EEA
UK will be made pursuant to an exemption under the Regulation (EUR) 2017/1129, including any commission
delegated regulation thereunder (the "Prospectus Regulation"), 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 Member State or
the UK 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 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the Prospectus
Regulation, 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 AND UK 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 EEA or the UK. 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 Regulation. 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 or in the UK has been prepared and therefore offering or selling the Covered Bonds or
otherwise making them available to any retail investor in the EEA or in the UK 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 each 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 manufacturers' 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 manufacturers' target market assessment) and determining appropriate distribution channels.

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 28 May 2020 and the supplemental Base Prospectus dated 13

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION
August 2020 which together constitute a base prospectus (the "Base Prospectus") for the purposes of the Prospectus
Regulation. These Final Terms contain the final terms of the Covered Bonds and must be read in conjunction with the
Base Prospectus including any supplement thereto. This document constitutes the Final Terms relating to the issue of
Covered Bonds described herein for the purposes of Article 8 of the Prospectus Regulation. 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 including any supplement thereto is available for viewing at
https://www.rabobank.com/en/investors/funding/funding-programmes/rabobank-eur-25-billion-covered-bonds-
programme.html 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. Any information
contained in or accessible through any website, including https://www.rabobank.com/en/home/index.html, does not
form a part of the Base Prospectus and/or these Final Terms and has not been scrutinised or approved by the AFM,
unless specifically stated in the Base Prospectus, in any supplement hereto or in any document incorporated or deemed
to be incorporated by reference in the Base Prospectus that all or any portion of such information is incorporated by
reference in the Base Prospectus.
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 B.V.
2.
(i)
Series Number:
17CB

(ii)
Tranche Number:
2

(iii)
Date on which the Covered Bonds The Covered Bonds shall be consolidated, form a single
become fungible:
series and be interchangeable for trading purposes with the
Existing Covered Bonds on the date falling 40 days after
the Issue Date.
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(i)
Series:
EUR 1,125,000,000

(ii)
Tranche:
EUR 125,000,000
5.
Issue Price:
112.188 per cent. of the Aggregate Nominal Amount plus
accrued interest from and including 21 June 2020 to but
excluding the Issue Date in the amount of EUR 570,205.48
6.
(i) Specified Denominations:
EUR 100,000

(ii) Calculation Amount
EUR 100,000
7.
(i)
Issue Date:
29 January 2021

(ii)
Interest Commencement Date:
21 June 2020
8.
(i)
Final Maturity Date:
21 June 2039

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION

(ii)
Extended Due for Payment Date:
The Specified Interest Payment Date falling in or nearest
to June 2040
9.
Interest Basis:
0.750 per cent. Fixed Rate from, and including, the Interest
Commencement Date to, but excluding, the Final Maturity
Date. Thereafter, 1 month EURIBOR + 0.08 per cent.
Floating Rate
(further particulars specified below)
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 100.00 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:
0.750 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 Dates:
21 June 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 21 July 2039 in accordance with paragraph 15 below)

(iii)
Fixed Coupon Amount:
EUR 750 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

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

(vi)
Determination Date(s):
21 June in each year

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

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

(i)
Interest Period:
1 month

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION

(ii)
Specified Period:
Not Applicable

(iii)
Specified Interest Payment Dates:
The 21th day of each month, commencing on the date
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

(v)
Unadjusted:
Yes

(vi)
Additional Business Centre(s):
Amsterdam

(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):
+ 0.08 per cent. per annum
(xii)
Minimum Rate of Interest:
Not Applicable
(xiii)
Maximum Rate of Interest:
Not Applicable
(xiv)
Day Count Fraction:
Actual/360
16.
Zero Coupon Covered Bond Provisions
Not Applicable
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 Calculation As set out in Condition 6 (Redemption and Purchase)
Amount payable on redemption for taxation
reasons, or on acceleration following an
Issuer Event of Default as against the Issuer

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION
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
21.
New Global Note:
Yes
22.
Exclusion of set-off:
Not Applicable
23.
For the purposes of Condition 13, notices to Yes, in the Financial Times
be published in a newspaper:
24.
Additional Financial Centre(s):
Not Applicable
25.
Talons for future Coupons or Receipts to be Not Applicable
attached to Definitive Covered Bonds (and
dates on which such Talons mature):

26.
Consolidation provisions:
The provisions of Condition 16 (Further Issues) apply
27.
Relevant Benchmark:
EURIBOR is provided by the European Money Markets
Institute. As at the date hereof, European Money Markets
Institute does not appear in the register of administrators
and benchmarks established and maintained by ESMA
pursuant to Article 36 of the Benchmark Regulation

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION
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: Qingyi Kong
By:

Duly authorized
Duly authorised

By:

Duly authorised

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION
PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(i)
Listing:
Luxembourg Stock Exchange

(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 the regulated market of the Luxembourg Stock
Exchange with effect from the Issue Date
The Covered Bonds are to be consolidated and form a
single series and be interchangeable for trading
purposes with the Existing Covered Bonds on the date
falling 40 days after the Issue Date, which are listed on
the regulated market of the Luxembourg Stock
Exchange.

(iii)
Estimate of total expenses related to EUR 600
admission to trading:

2.
RATINGS

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

Moody's: Aaa
Obligations rated Aaa are judged to be of the highest
quality, subject to the lowest level of credit risk
(source: www.moodys.com).
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:
0.082 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:
Pending Consolidation with the Existing Covered
Bonds: XS2293756792
Following Consolidation with the Existing Covered
Bonds: XS2014373851

RABOBANK CB DRAWDOWN
FINAL TERMS SERIES 17CB EXECUTION
(ii)
Common Code:
Pending Consolidation with the Existing Covered
Bonds: 229375679
Following Consolidation with the Existing Covered
Bonds: 201437385
(iii)
Other relevant code:
CFI: 20390621
FISN: COOPERATIEVE R/.75EMTN
(iv)
Intended to be held in a manner which would Yes
allow Eurosystem eligibility:
Note that the designation "yes" simply means that the
Covered Bonds are intended upon issue to be deposited
with one of the ICSDs as common safekeeper 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
(v)
Any clearing system(s) other than Euroclear Not Applicable
Bank SA/NV and Clearstream Banking, société
anonyme and the relevant identification
number(s):
(vi)
Delivery:
Delivery against 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):
Barclays Bank Ireland PLC
(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