Rabobank Nederland had its outlook lowered by Standard & Poor’s after the biggest Dutch mortgage lender was fined 774 million euros ($1 billion) for its involvement in rigging benchmark interest rates.
Rabobank Groep, fined 774 million euros ($1.06 billion) last year for rigging interest rates, said it may cut an additional 2,000 jobs at its Dutch operations as part of a plan to reduce expenses by 220 million euros by 2016.
Rabobank Nederland NV , the world’s largest agricultural lender, plans to sell 100-year bonds in the second dollar-denominated sale of such securities this year as the cost of long-dated borrowing hovers near a record low.
Air China Ltd., Agricultural Bank of China, China Development Bank, Rabobank Nederland, Shandong Luxin Investment Holding Co., Zhejiang Hengyi Group Co. and Shanghai Urban Construction Group Corp. are among issuers that may sell bonds in the nation’s debt markets.
FTI Consulting Inc. , the West Palm Beach, Florida-based provider of forensic accounting services, is marketing debt as yields on speculative-grade company bonds have fallen to the lowest in more than four months.
In early 2007, with subprime-mortgage defaults soaring, Wing F. Chau teamed with Merrill Lynch & Co. to create a $300 million pool of assets that shared a name with the main character in The Matrix movies who discovers reality isn’t what it seems.