RBI lines up first AT1 of the year

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By Jasper Cox
16 Jan 2018

Raiffeisen Bank International announced a mandate for the first additional tier one (AT1) issue of the year, giving investors a chance to dive back into an asset class which saw exceptional returns last year. Crédit Agricole Assurances also announced a mandate for a tier two bond.

RBI's new deal is a €500m no-grow, with the notes to be written down if the bank’s common equity tier one (CET1) ratio falls below 5.125%. The bank will have a call option on the notes every six months after the first call option in June 2025.

Deutsche ...

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