Wolf Theiss and Linklaters have assisted Raiffeisen Bank International with its issuance of EUR 650 million 6.125% AT1 notes. The banking consortium of Citigroup, Bank of America Merril Lynch, BNP Paribas, and UBS Investment Bank received legal advice from Freshfields.
According to Wolf Theiss, "RBI was able to place additional core capital (AT1) with no maturity date at a volume of EUR 650 million with the support of an international bank consortium. Within a few hours, the issuance was oversubscribed three times. The coupon was set at 6.125% p.a. and will mature in December 2022, after which it will be renewed."
The Wolf Theiss team was led by Partner Alexander Haas who, along with Associate Nikolaus Dinhof, advised RBI in legal matters pertaining to capital markets. Wolf Theiss Consultant Christine Siegl covered all relevant regulatory topics, while Partner Niklas Schmidt and Senior Associate Eva Stadler advised on tax law.
Linklaters advised RBI on German law, with Partner Peter Waltz as lead counsel.
The Freshfields team consisted of Partners Stephan Pachinger and Frankfurt-based Christoph Gleske, along with Vienna-based Principal Associate Christopher Hall, Frankfurt-based Principal Associates Birgit Schulz and Kai Werner, and Vienna-based Associates Victoria Bazil and Stella Klepp.