- Page 1: Offering Circular Rabobank Nederlan
- Page 4 and 5: TABLE OF CONTENTS Page SUMMARY ....
- Page 6 and 7: Market Position in the Netherlands
- Page 8 and 9: SUMMARY FINANCIAL INFORMATION The f
- Page 10 and 11: large number of debtors in a countr
- Page 12 and 13: Equity Linked Notes, Index Linked N
- Page 14 and 15: Notes issued under this Programme.
- Page 16 and 17: IMPORTANT INFORMATION Documents inc
- Page 20 and 21: GENERAL DESCRIPTION OF THE PROGRAMM
- Page 22 and 23: Clearing Systems: Initial Delivery
- Page 24 and 25: Rating: Early Redemption: Taxation:
- Page 26 and 27: TERMS AND CONDITIONS OF THE NOTES T
- Page 28 and 29: (b) if the Calculation Period is lo
- Page 30 and 31: ‘Fractional Amount’ means any f
- Page 32 and 33: ‘Potential Adjustment Event’ me
- Page 34 and 35: (b) ‘Tier 2 Notes’ means Subord
- Page 36 and 37: shall be issued to the holder to re
- Page 38 and 39: (iii) Business Day Convention, such
- Page 40 and 41: (f) (g) (h) (i) (j) (k) Dual Curren
- Page 42 and 43: 7. Redemption, Purchase and Options
- Page 44 and 45: (f) (i) (ii) Delivery of Underlying
- Page 46 and 47: Coupons and unexchanged Talons rela
- Page 48 and 49: (b) (c) Correction of the Index In
- Page 50 and 51: at all times maintain (i) a Fiscal
- Page 52 and 53: the conclusions of the ECOFIN Counc
- Page 54 and 55: (c) (i) Substitution of the Issuer
- Page 56 and 57: so require, in the Euronext Daily O
- Page 58 and 59: Each temporary Global Note that is
- Page 60 and 61: D Rules before the Exchange Date wi
- Page 62 and 63: USE OF PROCEEDS The net proceeds fr
- Page 64 and 65: Transfers of Registered Notes Trans
- Page 66 and 67: General For a listing on Eurolist b
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9 million clients 1.55 million memb
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Rabobank Nederland’s liabilities
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• Rabobank Development Programme
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Wholesale and International Retail
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In the Netherlands, De Lage Landen
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Insurance On behalf of all entities
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institution has insufficient funds
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Through Rabobank Nederland, the loc
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Results of operations Year ended De
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Other income. Other income increase
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Staff costs. Staff costs rose 8% to
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Depreciation. Depreciation was 5% l
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Net profit. Net profit grew by 26%
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Real Estate The following table set
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Funding At December 31, 2005, due t
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Contractual Obligations and Conting
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Total risk-adjusted items increased
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Maturities and Interest Rate Sensit
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The following table is based on dat
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Summary of Loan Loss Experience The
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SELECTED FINANCIAL INFORMATION The
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Rabobank Group Consolidated Balance
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Rabobank Group Consolidated Profit
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manages interest rate risk through
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GOVERNANCE OF THE RABOBANK GROUP Su
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(electricity), Member of the Superv
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Rik (D.J.M.G.) baron van Slingeland
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states. The EC Directives permit EU
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financial institution, if the balan
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RABOBANK AUSTRALIA BRANCH ABN 70 00
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TAXATION EU Savings Directive The E
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consult their own professional advi
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(b) (c) (d) (e) (f) (g) (i) is a no
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(c) interest on Relevant Notes and
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Bearer Notes (including Exchangeabl
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Election to Treat All Interest as O
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not elect to accrue OID on Short-Te
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to take bond premium (other than ac
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TRANSFER RESTRICTIONS Rule 144A Not
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PLAN OF DISTRIBUTION Summary of Dis
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(1) in relation to any Notes which
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(iii) the publication by the offero
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9. For the period of 12 months foll
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[The following alternative language
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(i) Rate[(s)] of Interest: [•] pe
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(iv) Provisions for determining Rat
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(iv) Person at whose option Specifi
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(xxiii) Physical Settlement by deli
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30 Talons for future Coupons or Rec
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PART B - OTHER INFORMATION 1 Listin
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[Where the underlying is a basket o
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SUMMARY OF SIGNIFICANT DIFFERENCES
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effectiveness testing. Rabobank app
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SUMMARY OF PRINCIPAL DIFFERENCES BE
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INDEX TO FINANCIAL STATEMENTS CONSO
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CONSOLIDATED BALANCE SHEET (AFTER P
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CASH FLOW STATEMENT OF RABOBANK GRO
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PROFIT AND LOSS ACCOUNT OF RABOBANK
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PROFIT AND LOSS ACCOUNT OF RABOBANK
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PRINCIPAL OFFICES OF THE ISSUER Co
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LEGAL ADVISERS To the Issuer To Co