http://www.raboplus.co.nz/raboplus-t...ecurities.aspx
What return does it offer?
The rate has yet to be set but is likely to be in the 9-9.25 per cent range for the first year. After that, the rate will be reset annually at a fixed margin over the one-year swap rate.
confirmed here on nzx as well
http://www.nzx.com/markets/NZDX/RBOH...tal-Securities
Rate re-set for Rabobank Capital Securities
The interest rate for the next 12 months was set today at 4.1230% reflecting the margin of 0.76% over the one year swap rate.
The interest rate will be reset annually on each 8 October until 2016 at the 0.76% margin over the prevailing one year swap rate. After that, the interest rate will be reset quarterly at the same margin over the prevailing 90-day bank bill rate