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Wolf Theiss, Linklaters, and Freshfields Advise on Raiffeisen Bank International's Additional Tier 1 Issuance

Wolf Theiss, Linklaters, and Freshfields Advise on Raiffeisen Bank International's Additional Tier 1 Issuance

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Wolf Theiss and Linklaters have advised Raiffeisen Bank International AG on the issuance of EUR 500 million worth of additional Tier 1 capital. Freshfields Bruckhaus Deringer advised joint lead managers Barclays Bank plc, Goldman Sachs International, J.P. Morgan Securities plc, Raiffeisen Bank International AG, and UBS Europe SE.

According to Wolf Theiss, “following the additional Tier 1 issuances of Raiffeisen Bank International AG from June 2017 and January 2018, RBI again issued AT 1 notes with unlimited maturity. With this AT 1 EUR 500 million issuance RBI further optimizes its capital structure. The coupon of the issuance is 6% per annum until mid-December 2026 and will be reset thereafter. The AT 1 Notes, which are listed on the Luxembourg Stock Exchange, were offered exclusively to institutional investors. With the demand of EUR 1.6 billion, the order book was significantly oversubscribed and met with a high level of interest from investors, primarily from the UK, continental Europe, and Asia.”

Wolf Theiss’s team included Partners Alex Haas and Niklas Schmidt, Counsels Christine Siegl and Eva Stadler, and Associate Sebastian Prakljacic.

The Freshfields Bruckhaus Deringer team included Vienna-based Partner Stephan Pachinger and Associate Christian Joellinger and Frankfurt-based Partner Christoph Gleske and Associates Birgit Schulz and Jasmin Julia Denk.

Linklaters’ Germany-based team included Partner Peter Waltz and Managing Associate Martin Rojahn.

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With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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