Funding and investor relations 41
The issue of bonds raised EUR 10 billion in the market. In the year
under review, both institutional and private investors showed
increasing interest in fixed-interest bonds, which greatly benefited
Rabobank Group. Specific initiatives (structured medium term
notes) raised an additional EUR 5 billion of liquid funds in 2002 and
gave Rabobank Group a prominent position in this market.
Rabobank Group's international reputation as a financial institution
with a high credit rating offers exciting opportunities in Asia as well.
In co-operation with Daiwa Securities, of Japan, more than 200 mil
lion dollars in bonds were placed with Japanese private investors.
By concluding alliances with various parties in Asia, Rabobank
Group aims for local funding that would enable it to finance new
activities in these regions as well.The majority of local funding is
used to finance Rabobank Group entities in other regions.
Active relationships with lenders are essential for broadening our
access to the international capital market. In 2002, contacts with
international investors were intensified. Intermediary parties and
asset managers make up an influential group, with which close
relationships are maintained. Road shows, newsletters and online
information at www.rabobank.com are used to inform major inter
national investors about, inter alia, the Rabobank Group's strategy,
liquidity and risk management and transactions in the money and
Long-term ratings Rabobank (as of March 2003)
Moody's Investors Service
Dominion Bond Rating Service
Funding in different currencies
Banks with the highest ratings from the leading rating agencies are
known as the world's safest banks. Of all the private banks in the
world, Rabobank has the highest credit ratings. These top ratings
enable Rabobank Group to finance its activities at relatively low costs.
More about funding and investor relations?
Go to: www.rabobank.com
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