Raiffeisen begins tender offer for €1.5 billion 3.625% notes due 2014

By Toni Weeks

San Luis Obispo, Calif., July 15 - Raiffeisen Bank International AG announced it has commenced a cash tender offer for any and all of its €1.5 billion of 3.625% notes due 2014, according to a press release.

The offer began on July 15 and will expire at 11 a.m. ET on July 23.

The Republic of Austria guarantees the notes.

Vienna-based Raiffeisenbank provides a wide range of banking services to private and corporate clientele in the Central and Eastern European region.

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