RBI hoovers up demand for tier two

RBI_Alamy_230x150
By David Freitas
04 Sep 2019

Raiffeisen Bank International sold a tier two bond this week, tightening pricing by 40bp. The trade was supported by hefty investor demand of €2.7bn, more than six times the deal's €500m size.

Raiffeisen Bank International opened books for a €500m 10.5 year non-call 5.5 year tier two bond on Wednesday morning with an expected rating of Baa3 from Moody’s.

It chose BNP Paribas, Bank of America, CitiUBS and itself to act as bookrunners, and they went ...

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