Commentary & Deal Flow

Final Books above €2.2bn. Peak book > €2.4bn (excl JLM)

Launched: 10.5NC5.5: €750m @ MS+140bp - Books > €2.4bn (excl JLM)
Book Update: Books in excess of €2bn (incl. €75m JLM)
IPTs: 10.5NC5.5: MS+165/170bp

• Issuer: Raiffeisen Bank International AG
• LEI: 9ZHRYM6F437SQJ6OUG95
• Issuer Senior Rating: A1 stable (Moody's) / A- stable (S&P)
• Expected Issue Rating: Baa2 (Moody’s)
• Status of the Notes: The Notes constitute direct, unsecured and subordinated obligations of the Issuer and shall qualify as Tier 2 Instruments pursuant to Article 63 CRR
• Legal Form: Bearer Notes
• Size: €750m
• Trade Date: 20-Aug-26
• Settlement / Interest Commencement Date: 27-Aug-26 (T+5)
• Maturity Date: 31-Mar-37
• Call Redemption Date: 31-Mar-32
• Reference Benchmark: DBR 0 15-Feb-32 / HR 107%
• Hedge Deadline: 13:50 UKT / 14:50 CET
• Regulation S / TEFRA / Documentation: Reg S, TEFRA D issue under the EUR 25,000,000,000 Debt Issuance Programme of the Issuer dated 10-Apr-26 as supplemented
• Clean-Up Call: Yes, 75% or more
• Rate of Interest: From (and including) the Interest Commencement Date to (but excluding) the Interest Adjustment Date [·] per cent. per annum; and for the period from (and including) the Interest Adjustment Date to (but excluding) the Maturity Date, the Rate of Interest will reset to the sum of the then prevailing Reference Swap Rate and the Margin; payable annually in arrear. No interest step-up, no incentive to redeem, Reference Swap Rate fallback provisions apply
• Coupon Dates: 31 March in each year commencing on 31-Mar-27 (short first Interest Period)
• Interest Adjustment Date: 31-Mar-32
• Final Redemption Amount: 100% of the principal amount
• Business Days: T2, Clearing System
• Use of Proceeds: The Issuer will apply an amount equivalent to the net proceeds from the issue of the Notes for financing and/or re-financing, in part or in full, new or existing Eligible Green Loans that promote climate-friendly and/or other environmental purposes in line with Eligible Categories, as further described in the Issuer's Sustainability Bond Framework
• Day Count Fraction: Actual/Actual (ICMA Rule 251)
• ISIN / Common Code: XS3480675597 / 348067559
• Joint Lead Managers: Barclays, Citi, Natixis, Raiffeisen Bank International, UBS Investment Bank, UniCredit (B&D)
• Denomination: EUR 100,000 per Note (principal amount)
• Expected Listing: Official list of the Luxembourg Stock Exchange
• Format: Classical Global Note
• Governing Law: The Notes shall be governed by German law. The provisions in § 3 of the Conditions of the Notes shall be governed by, and shall be construed exclusively in accordance with, Austrian law
• Product Governance / MIFID II and UK MiFIR: Manufacturer target market (EU MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document or disclosure document required by the FCA Product Disclosure Sourcebook (DISC) / CCI product summary has been prepared as not available to retail in EEA or in the UK. Negative target market: retail investors
• Timing: Pricing later today.