Sayenko Kharenko has acted as Ukrainian legal counsel to the joint global coordinators Deutsche Bank, Raiffeisen Centrobank, and UBS on the recent EUR 2.78 billion capital increase of Raiffeisen Bank International AG (“RBI”).
RBI placed 97,473,914 new shares at the price of EUR 28.50 per share, thereby increasing its capital by 50%. With proceeds from the issue amounting to EUR 2.78 billion, Sayenko Kharenko claims that the capital increase is the third largest of its kind on the Vienna Stock Exchange to date.
RBI plans to use the proceeds from the issue to repay participation capital in the amount of EUR 2.5 billion (EUR 1.75 billion of which to the Republic of Austria).
The Sayenko Kharenko team working on the transaction included Partner Nazar Chernyavsky, Senior Associate Anton Korobeynikov, and Associates Olena Krasna and Taras Shyb.
