RBI successfully places additional tier 1 capital
Today, Raiffeisen Bank International AG (RBI) placed EUR 650 million of perpetual additional tier 1 capital (AT1).
Today, Raiffeisen Bank International AG (RBI) placed EUR 650 million of perpetual additional tier 1 capital (AT1). The security has a coupon of 6.125% p.a. until December 2022 and will be reset thereafter.
"The issue constitutes a significant step towards optimizing the capital structure of the bank", commented Martin Grüll, Chief Financial Officer of RBI. "The positive feedback from investors during the deal-related roadshow over the last few days confirms the market’s confidence in RBI’s story. The transaction was three times subscribed within the space of a few hours“. Martin Grüll expressed satisfaction about the high level of interest from investors primarily in the U.K., continental Europe and Asia.
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Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 14 markets of the region are covered by subsidiary banks. Additionally, the Group comprises numerous other financial service providers, for instance in the fields of leasing, asset management, as well as M&A.
In total, more than 50,000 employees service 16.6 million customers through 2,500 business outlets, thereof a majority in CEE. RBI's shares are listed on the Vienna Stock Exchange. The regional Raiffeisen banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Raiffeisen Banking Group (RBG), RBI is the central institute of the regional Raiffeisen banks and other affiliated credit institutions and renders important services in this function.
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