RBI to print AT1 as part of capital raising plan
Raiffeisen Bank International is set to print up to €500m worth of additional tier one paper this year, in conjunction with a capital increase of €2bn-€2.25bn, as it seeks to prepare for the implementation of Basel III. The bank has also decided not to sell its Hungarian subsidiary for the moment.
The capital increase could be implemented in the next six months, and would significantly increase RBI’s free float. The AT1 issuance is expected to come at some point during 2014.
“The combination of the new Basel III rules implemented on January 1, 2014, the asset quality review and
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