Book size: 720; First Pay: 2027-02-18; Redemption: 2030-02-18; Registration: Reg S Only; Comments: EUR200m 5NC4 cpn 3.500% at 99.688, yld 3.585%. Spread: MS+120bps. OBL 2 ½ 29 #190 / 100.920 / B+135.10bps / HR 105%. Tax Call: Yes. Regulatory Call: Yes. LEI: 529900I1UZV70CZRAU55;
Deal Comments
Reoffer: MS+120bp / 99.688 / 3.585%
Benchmark: OBL 2.5 29 #190 / 100.92 / B+135.1bp / HR 105%
Final book above €720m (incl €10m JLM interest). Peak book above €900m (excl JLM interest).
Launched: €200m @ MS+120bp - Books above €900m (excl JLM interest)
Book Update: Books above €600m (excl JLM interest)
IPTs: MS+160a
Issuer: Raiffeisenbank Austria d.d.
LEI: 529900I1UZV70CZRAU55
Distribution: Regulation S (Bearer)
Issuer Rating: Baa1 (stable) by Moody's
Exp. Issue Rating: Baa1 by Moody's
Status of the Notes: Unsubordinated and unsecured notes expected to qualify as Senior Preferred MREL Eligible Notes (MREL Eligible Notes)
Tenor / Call: 5NC4
Currency: EUR
Issuance Amount: 200m
Maturity: 18-Feb-31
Optional Redemption Date: 18-Feb-30
Settlement: 18-Feb-26 (T+6)
Reoffer: MS+120bps / 3.585 / 99.688
Benchmark: OBL 2 ½ 29 #190 / 100.920 / B+135.10bps / HR 105%
Interest: Until the Call Redemption Date: Fixed at a rate per annum equal to 3.500%, payable annually in arrears on 18 February of each year; After the Call Redemption Date: Floating at a rate to be determined by reference to the 3M EURIBOR + [●]%
Day Count Fraction: Until the Call Redemption Date: Actual/Actual (ICMA), Following the Call Redemption Date: Actual/360
Tax Call: Applicable
Early Redemption for Regulatory Reasons: Applicable
Early Redemption for Reasons of Minimal Outstanding Amount: Applicable
Joint Lead Managers: Goldman Sachs Bank Europe SE, ING, Raiffeisen Bank International (B&D)
Denominations: EUR 100k x EUR 100k
Use of Proceeds: General Funding Purposes
Governing Law: German law, except for the status provisions governed by Croatian law
Documentation: EUR 1,000,000,000 Euro Medium Term Note Programme; Base Prospectus dated 17-Apr-25, as supplemented on 09-Feb-26
Target Market: Manufacturer Target Market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK
Listing: Luxembourg Stock Exchange, regulated market
Clearing: Euroclear / Clearstream, Luxembourg
Stabilisation: ICMA / FCA stabilization applies
ISIN: XS3298816797
Timing: TOE: 15:06 CET / 14:06 UKT – FTT: 15:20 CET/ 14 :20 UKT