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Wolf Theiss, Freshfields, and White & Case Advise on Raiffeisen Note Issuance

Wolf Theiss, Freshfields, and White & Case Advise on Raiffeisen Note Issuance

Austria
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Wolf Theiss has advised Raiffeisen Bank International AG as issuer of EUR 500 million Tier 2 Notes and on a tender offer for the repurchase of EUR 500 million Subordinated Callable Fixed Rate Reset Notes due February 2025. Freshfields Bruckhaus Deringer Germany advised RBI in connection with the tender offer and White & Case Frankfurt, acted as the legal advisor to joint lead managers RBI, BNP Paribas, Citi Bank, UBS, and Bank of America Merrill Lynch.

According to Wolf Theiss, on September 3, 2019, "Raiffeisen Bank International AG decided to invite the holders of its EUR 500,000,000 Subordinated Callable Fixed Rate Reset Notes due February 2025 (ISIN: XS1034950672) issued on 21 February 2014, to make offers to RBI for the repurchase such notes. Furthermore, RBI issued and successfully placed EUR 500,000,000 Tier 2 Notes due 2030, under its EUR 25,000,000,000 Debt Issuance Programme. This is RBI’s first public benchmark Tier 2 offering since more than five years. This time, the transaction included the issuance of Subordinated Callable Fixed-to-Fixed Rate Reset Notes in the denomination of EUR 100,000 each. The Notes are issued for a ten year and six months term with maturity in March, 2030 and a coupon of 1.5% per annum until the First Call Date. The Notes are listed on the Luxembourg Stock Exchange."

The Wolf Theiss Debt Capital Markets Team was led by Partner Alexander Haas, supported by Counsel Christine Siegl and Associates Nevena Skocic and Nikolaus Dinhof.

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