Wolf Theiss advises RBI Group on nine Debt Capital Markets trades in Austria, Romania and Hungary & More Trending News

 

Wolf Theiss acted as authorized advisor to Raiffeisen Bank International AG (“RBI”) and its subsidiaries in CEE (the “RBI Group”) in nine Debt Capital Markets trades in three jurisdictions, Austria, Romania and Hungary, with a complete situation quantity of greater than EUR 2.5 billion in the second half of 2022.

 

The RBI Group relied on the authorized experience of Wolf Theiss regarding nine Debt Capital Markets trades, finalised in the final 4 months of 2022 in three jurisdictions, particularly Austria, Romania and Hungary.

Wolf Theiss’ worldwide Debt Capital Markets (DCM) Team, led by Partner Claus Schneider and Partner Alexander Haas, supplied authorized help to the RBI Group in the transactions listed under. The staff consisted of Counsel Nikolaus Dinhof-Renezeder, Senior Associate Nevena Skočić and Associate Sebastian Prakljacic (Vienna workplace), Partner Claudia Chiper and Senior Associate Andreea Tudorache (Bucharest), and Counsel Melinda Pelikán and Associate László Lovas (Budapest). Counsel Eva Stadler (Vienna) suggested on the tax points of the transactions.

  • Austria
    • Wolf Theiss has suggested RBI as issuer on its EUR 500,000,000 Ordinary Senior Preferred Eligible Notes. The notes, with a coupon of 4.125 per cent each year, have a maturity of three years. The notes are listed on the Luxembourg Stock Exchange, and the closing came about on 8 September 2022. The notes had been positioned by Crédit Agricole Corporate and Investment Bank, HSBC Continental Europe, J.P. Morgan SE, RBI, Société Générale and UniCredit Bank AG as joint lead managers.

 

  • RBI as issuer relied on the authorized experience of Wolf Theiss’ DCM staff for its situation of EUR 500,000,000 Subordinated Callable Fixed-to-Fixed Rate Reset Notes. The notes are due December 2032, are listed on the Luxembourg Stock Exchange, and the closing came about on 20 September 2022. The notes had been positioned by BNP Paribas, BofA Securities Europe SA, Citigroup Global Markets Europe AG, Raiffeisen Bank International AG and Société Générale as joint lead managers.

 

  • Wolf Theiss has suggested RBI as issuer on its situation of EUR 500,000,000 2.875% Extendable European Covered Bond (Premium) – mortgage due 2026. The notes had been positioned by ING Bank NV, NATIXIS, RBI, Banco Santander, S.A. and UniCredit Bank AG as joint lead managers and are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange. The closing came about on 28 September 2022.

 

  • Wolf Theiss has suggested RBI as issuer in reference to its situation of EUR 500,000,000 5.750 per cent Ordinary Senior Eligible Notes due January 2028. The notes had been positioned by Barclays Bank Ireland plc, Crédit Agricole CIB, Goldman Sachs Bank Europe SE, J.P. Morgan SE and RBI as joint lead managers and are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange. The closing came about on 27 October 2022.

 

  • Romania
    • Wolf Theiss has suggested Raiffeisen Bank S.A. in Romania as issuer on its RON 325,500,000 Ordinary Senior Preferred Eligible Sustainability Notes. On 18 October 2022, Raiffeisen Bank S.A. has efficiently issued notes addressed to institutional buyers, with a tenor of 5 years and a hard and fast coupon of 9.404% each year.

 

  • Wolf Theiss has suggested Raiffeisen Bank S.A. in Romania as issuer on its RON 369,075,000 8.817% Non-Preferred Senior Eligible Sustainability Notes due 2027. On 7 December 2022, Raiffeisen Bank S.A. has efficiently issued notes addressed to institutional buyers, with a tenor of 5 years and a hard and fast coupon of 817% each year. This operation is in conjunction with the problem of different 5 prior problems with notes by Raiffeisen Bank S.A. throughout 2021 and 2022 primarily based on its EUR 1,500,000,000 Euro Medium Term Notes Programme. RBI and Raiffeisen Bank S.A. had been answerable for the position of the notes as joint lead managers.

 

  • Hungary
    • Wolf Theiss has suggested Raiffeisen Bank Zrt. in Hungary on the primary situation of EUR 2,000,000,000 Medium-term Note Programme, Debt Issuance Programme and debut issuance of HUF 30,000,000,000 Senior Preferred Eligible Notes. The notes are meant to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities). This is the primary HUF denominated bond situation, with a tenor of 6 years and a hard and fast rate of interest of 9.985 % each year. The base prospectus was signed and issued in June 2022 and beneath the programme there have been a number of issuances so far.

 

  • Wolf Theiss has suggested Raiffeisen Bank Zrt. as issuer on its USD 50,000,000 433% Senior Preferred MREL Eligible Notes due 2026. On 14 July 2022, Raiffeisen Bank Zrt. has efficiently issued notes addressed to institutional buyers, with a tenor of 4 years. The notes had been positioned by UniCredit Bank AG as lead supervisor. This operation is in conjunction with the problem of different problems with notes by Raiffeisen Bank Zrt. throughout 2022 primarily based on its EUR 2,000,000,000 Euro Medium Term Notes Programme.

 

  • Wolf Theiss has suggested Raiffeisen Bank Zrt. as issuer on its EUR 300,000,000 750% Senior Preferred MREL Eligible Notes due 2025. On 22 November 2022, Raiffeisen Bank Zrt. has efficiently issued notes addressed to institutional buyers, with a tenor of three years. The notes had been positioned by Morgan Stanley Europe SE, RBI (B&D) and UniCredit Bank AG as joint lead managers. This operation is in conjunction with the problem of different problems with notes by Raiffeisen Bank Zrt. throughout 2022 primarily based on its EUR 2,000,000,000 Euro Medium Term Notes Programme.

“At RBI, we want dedicated services addressing our specific needs. We get this from Wolf Theiss. Over the past months, we have been working closely with Wolf Theiss’ regional DCM team, and their help has been essential for the successful execution of our transactions”, mentioned Uros Notar, Director, Legal Services Markets & Treasury, Raiffeisen Bank International AG (RBI).

“We really enjoyed assisting several RBI Group teams on these transactions. The dynamics of our CEE-wide Debt Capital Markets team posed a demanding but interesting challenge for our lawyers from three Wolf Theiss jurisdictions. The industry expertise and dedication of our regional DCM team confirms our solid and superior services. I am very proud to be part of a young talented and ambitious team, a team ready to deliver the best services to our customers, proving how important it is to work together as “one firm one team”, thus managing to construct higher and extra sustainably”, said Alexander Haas, Partner, Debt Capital Markets, Wolf Theiss.

The Wolf Theiss Debt Capital Markets staff performs an essential function in the CEE/SEE market, confirmed by the massive variety of transactions and banks/monetary establishments suggested by the agency. The staff affords authorized recommendation in relation to all points of debt, fairness and hybrid capital securities.

Wolf Theiss advises RBI Group on nine Debt Capital Markets trades in Austria, Romania and Hungary

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Wolf Theiss advises RBI Group on nine Debt Capital Markets trades in Austria, Romania and Hungary

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Wolf Theiss advises RBI Group on nine Debt Capital Markets trades in Austria, Romania and Hungary

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