Wolf Theiss has advised Romanian Raiffeisen Bank S.A. on its RON 1.2 billion issuance of senior non-preferred eligible green notes with a fixed annual coupon of 3.793%. Freshfields Bruckhaus Deringer advised Raiffeisen Bank on German law matters.
Raiffeisen Bank International AG and Raiffeisen Bank S.A. were responsible for the placement of the notes as joint lead managers.
According to Wolf Thiess, “the notes issue was addressed to institutional investors and has a tenor of 7 years. With a demand of approximately RON 1.35 billion, the placement was oversubscribed almost 1.35 times. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes, based on the confirmation of the National Bank of Romania.”
Wolf Theiss’s team included Partners Alexander Haas and Claudia Chiper, Senior Associates Nevena Skocic and Nikolaus Dinhof, and Associates Andreea Tudorache and Sebastian Prakljacic.
Freshfields Bruckhaus Deringer’s team included Partners Stephan Pachinger and Christoph Gleske, Principal Associates Christian Joellinger and Birgit Schulz, and Associate Benedikt Graf.