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.
