Chicago, Jan. 12 – Raiffeisenbank as priced €500 million of 7 1/8% sustainable bonds at par (Baa2) on Thursday, a market source noted.
The bonds priced at a spread of 393.2 basis points to mid-swaps.
Initial talk was in the 7˝% area.
BNP Paribas, Citi and Raiffeisen Bank International are the joint bookrunners.
Proceeds will be used to finance or refinance a portfolio of loans satisfying the eligibility criteria as described in the issuer’s sustainable bond framework from May 2022.
The issuer is a subsidiary of the Austrian provider of corporate and investment banking services.
| Issuer: | Raiffeisenbank as
|
| Amount: | €500 million
|
| Issue: | Senior non-preferred notes
|
| Maturity: | Jan. 19, 2026
|
| Bookrunners: | BNP Paribas, Citi and Raiffeisen Bank International
|
| Coupon: | 7 1/8% initial rate, resets Jan. 19, 2025 to Euribor plus 393.2 bps
|
| Price: | Par
|
| Yield: | 7 1/8%
|
| Spread: | Mid-swaps plus 393.2 bps
|
| Call features: | Jan. 19, 2025
|
| Trade date: | Jan. 12
|
| Settlement date: | Jan. 19
|
| Ratings: | Moody’s: Baa2
|
| Distribution: | Regulation S
|
| Price talk: | 7˝% area
|
| ISIN: | XS2577033553
|
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