Published: January 31, 2011
First Austrian bank bond for two years.
Raiffeisen Bank International has raised €1bn through a three-year unsecured bond in the first such issuance by an Austrian bank in more than two years.
The bond has a coupon of some 3.6% and received applications from various investment classes in Western Europe.
Raiffeisen led the transaction itself along with DZ Bank, Deutsche Bank and HSBC.
The bank claims the bond was significantly over-subscribed with Martin Grüll, its chief financial officer, claiming that this was partly due to Central and Eastern Europe’s positive macroeconomic outlook.
Raiffeisen’s long-term debt rating is A1 with Moody’s and A with Standard & Poor’s and Fitch.