Raiffeisen Bank Romania issues new of EUR 500 million bonds
The Romanian branch of Austria’s Raiffeisen Bank placed its first ‘benchmark’ eurobond issue with a total nominal value of EUR 500 million, in what it said was a landmark transaction for the Central and Eastern Europe capital markets.
Radu Dumitrescu · Journalist
· Updated · 2 min read
The Romanian branch of Austria’s Raiffeisen Bank placed its first ‘benchmark’ eurobond issue with a total nominal value of EUR 500 million, in what it said was a landmark transaction for the Central and Eastern Europe capital markets.
The bank’s eligible non-preferred senior eurobonds were subscribed at a fixed coupon of 4.136% p.a. for the first five years, respectively at a margin of 1.62% over the 5-year euro reference rate (mid-swap), approximately 0.35–0.38% below the yield of eurobonds with similar maturity issued by the Romanian state, according to the press release.
