By Susanna Moon
Chicago, Dec. 11 - Raiffeisen Bank International AG said it accepted for exchange tenders for €231,716,000 of the €500 million subordinated capital fixed-to-floating callable notes due March 2019 issued by Raiffeisen Zentralbank A-sterreich Aktiengesellschaft.
The bank is offering for exchange euro-denominated subordinated callable fixed-rate reset notes due June 2024, series 50, to be issued under the €25 billion debt issuance program. The exchange offer began on Dec. 2.
The aggregate principal amount of new notes to be issued by the bank under the exchange offer will be €232.7 million.
The coupon for the new notes will be 5.163%, which is the interpolated five-year and six-year swap rate of 1.263% plus a fixed margin of 390 basis points.
The Vienna-based bank has accepted cash for the exchange into new notes in an amount of €984,000, according to a press release.
The bank will also pay accrued interest of €35.51 for €1,000 principal amount.
New notes
| Issuer: | Raiffeisen Bank International AG
|
| Issue: | Euro-denominated subordinated callable fixed-rate reset notes, series 50
|
| Amount: | €232.7 million
|
| Maturity: | June 2024
|
| Coupon: | 5.163%
|
| Settlement date: | Dec. 18
|
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