Book size: 2350; First Pay: 2027-02-06; Redemption: 2031-02-06; Registration: Reg S Only; Comments: EUR500 6yr cpn fxd-to-frn 3.375% at 99.683, yld 3.445%. Spread: MS+93bps. DBR 2.4 11/30 + 105.7 bps (100.05%), 1.01 HR. LEI: 529900GPOO9ISPD1EE83;
Deal Comments
Reoffer: 6NC5: MS+93bp / 99.683 / 3.445%
Benchmark: 6NC5: DBR 2.4 30-Nov-30 @ 100.05 / B+105.7bp / HR 1.01
Final Books €2.35bn. Peak book over €2.7bn (pre-reconciliation) (Excl. JLM)
Launched: 6NC5: €500m @ MS+93bp - Books pre rec over €2.7bn (Excl. JLM)
Book Update: Books above €1.5bn (excl JLM)
IPTs: 6NC5: MS+125a
Issuer: Raiffeisenlandesbank Niederösterreich-Wien AG
Ticker: RFLBNI
LEI: 529900GPOO9ISPD1EE83
Status: Green Senior Preferred Eligible Notes
Form of Notes: RegS Bearer (New Global Note)
Issuer Rating: A2, stable (Moody's)
Expected Issue Ratings: A2 (Moody's)
Currency/Size: €500mn
Settlement / Issue Date: 06-Feb-26 (T+6)
Maturity Date: 06-Feb-32
Call Redemption Date: 06-Feb-31
Last Fixed Interest Payment Date: 06-Feb-31
Reoffer: 99.683% / 3.4450% / MS+93bps
Benchmark: DBR 2.4 30-Nov-30 + 105.7 bps (100.05%), 1.01 HR
Initial Coupon: 3.375% p.a. from (and including) the Issue Date to (but excluding) the last Fixed Interest Payment Date; payable annually in arrear
Coupon Dates: 6 February in each year, commencing on 06-Feb-27 up to and including the last Fixed Interest Payment Date; payable in accordance with the Following Business Day Convention; Interest Periods are unadjusted
Reset Coupon: If not redeemed by the Issuer on the last Fixed Interest Payment Date resets to 3-month EURIBOR plus [•]bps from (and including) the last Fixed Interest Payment Date to (but excluding) the Maturity Date; quarterly in arrear on 06-May-31, 06-Aug-31, 06-Nov-31 and 06-Feb-32, subject to adjustment in accordance with the Modified Following Business Day Convention; Interest Periods are adjusted
Denomination: EUR 100,000 + EUR 100,000
Governing Law: The Notes, as to form and content, and all rights and obligations of the Holders and the Issuer, shall be governed by German law, save for the status provisions which shall be governed by, and shall be construed exclusively in accordance with, Austrian law.
ISIN / Common Code: XS3285765031 / 328576503
Listing: Luxembourg Stock Exchange – Regulated Market, Vienna Stock Exchange – Official Market
Documentation: Under the issuer’s EUR 15,000,000,000 Debt Issuance Programme as supplemented from time to time. The DIP Prospectus dated 05-May-25 along with respective supplements is available at https://www.raiffeisen.at/noew/rlb/de/ueber-uns/investor-relations/important-information/programme-documents.html#accordion-70355bb189-item-d549bb9252
Use of Proceeds: The Issuer will apply an amount equal to the net proceeds from the issue of the Notes for financing and/or re-financing new or existing Eligible Green Assets that promote climate-friendly and/or other environmental purposes in line with the eligibility categories, as defined in the Issuer's Sustainability Bond Framework, dated January 2026. The Sustainability Framework and Second Party Opinion dated 16-Jan-26 is available at https://www.raiffeisen.at/noew/rlb/de/ueber-uns/investor-relations/important-information/programme-documents.html#accordion-70355bb189-item-2186ab5135
Joint Lead Managers: Deutsche Bank, DZ BANK, Natixis, Raiffeisen Bank International (B&D), Société Générale and UBS Investment Bank
Fees: The Banks will be paid a fee by the Issuer with respect to this transaction
Manufacturer target market (MIFID II product governance): Client category: eligible counterparties and professional clients only (all distribution channels); No KID / No EU PRIIPS or UK PRIIPs
Timing: PRICED / ToE : 15.35CET / FTT : 15.55CET