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Raiffeisen Bank International launches tender offer for €500M notes

Raiffeisen Bank International AG launched a tender offer to qualifying holders of its €500 million subordinated notes due February 2025.

The Austrian lender is offering to repurchase the notes for €102,054 per €100,000 principal amount of notes.

The offer will begin Sept. 3 and will expire 5 p.m. CET on Sept. 11, with settlement expected Sept. 13.

Meanwhile, RBI said it intends to issue subordinated callable fixed-to-fixed rate reset notes, depending on market conditions, with the completion of the tender offer to depend on the successful close of the issuance.