Wolf Theiss advises Raiffeisen Bank International AG (RBI) in issuance of EUR 650,000,000 6.125% AT1 Notes

RBI was able to place additional core capital (AT1) with no maturity date at a volume of EUR 650 million with the support of an international bank consortium. Within a few hours, the issuance was oversubscribed three times. The coupon was set at 6.125% p.a. and will mature in December 2022, after which it will be renewed.
Wolf Theiss Partner Alexander Haas (lead counsel) and Associate Nikolaus Dinhof (both Banking & Finance) advised RBI in legal matters pertaining to capital markets. Consultant Christine Siegl (Banking & Finance) covered all related regulatory topics, while Partner Niklas Schmidt and Senior Associate Eva Stadler (Tax) advised in tax law. In regard to German law, RBI was represented by Linklaters, with Partner Peter Waltz as lead counsel. The banking consortium received legal advice from Freshfields in Austrian and German law.