Rabobank Nederland has raised $1.5 billion in a sale of senior bank notes, Reuters reports. The securities, which are due to mature on May 24, 2041, carry a coupon rate of 5.25%.

The Utrecht-based lender appointed Bank of America Merrill Lynch, Barclays and Goldman Sachs as joint book-runners for the deal. The bonds were guaranteed by the New York branch of Rabobank.