Rabobank is planning to launch a new hybrid bond, which will comply with the Basel Committee rules, Financial Times reports. The size of the bond sale has not been disclosed, but the Dutch bank usually borrows at least €500 million per bond deal.

Bank of America Merrill Lynch, Credit Suisse, Morgan Stanley and Rabobank are acting as managers of the offering. The undated subordinated bonds can be written down if its regulatory capital requirements falls below a preset threshold, adds Bloomberg.

Click here for the story from Financial Times.

Click here for the additional coverage from Bloomberg.