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.