Raiffeisen Bank takes offers to exchange 48.4% of fixed-to-floaters

By Susanna Moon

Chicago, Oct. 24 - Raiffeisen Bank International AG said it accepted exchange offers for €290,318,000, or 48.4%, of the €600 million subordinated supplementary capital fixed-to-floating callable notes due October 2015, series 74, tranche 1, issued by Raiffeisen Zentralbank Oesterreich AG.

In the exchange offer, the bank will issue €290,318,000 callable subordinated fixed-rate reset notes due 2023, series 18, tranche 1 under its €25 billion debt issuance program, according to a press release by the Vienna-based bank.

Settlement will occur on Oct. 29.

The exchange offer was subject to a minimum exchange amount of at least €125,000 principal amount of existing notes with a separate exchange instruction completed by or on behalf of each beneficial owner, the release noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.