

We have identified a short term AAA rated Rabobank (RABOBK) bond denominated in South African rand maturing in March 2014, and are targeting a better than 6.00% yield for our clients.
Corporate Bond linked to the South African Rand
Netherlands based Rabobank has bonds, denominated in the South African rand, that currently has a yield of about 6% for 30 months. The high yield and short maturity of this rand bond, when considered with its extremely strong AAA rating, compares very favorably in relationship to other high yield instruments in our Foreign and World Fixed Income holdings, and we consider the recent weakness of the rand as the right opportunity for increasing an exposure to the rand in our basket of foreign fixed income holdings.







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