Russia sanctions add to nerves about RBI AT1s

US v Russia
By Nell Mackenzie
11 Apr 2018

The price for Raiffeisen Bank International (RBI) additional tier one (AT1) bonds has tumbled this week, as investors fret over over incoming US sanctions against Russia.

The bank issued €500m of perpetual non-call 5.5 year AT1 bonds at par in January. But after the US announced a new round of sanctions against Russia on Friday, RBI's bonds have fallen three points to trade at a cash price of 93.

The Austrian banking group receives 35% ...

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