Raiffeisenlandesbank Niederösterreich-Wien (RLB Noe Wien) found the euro primary market to be quiet but bullish this week, allowing it to launch a new senior unsecured bond at what lead managers saw as a fair pricing level.
The Austrian lender was marketing a 4.5 year preferred senior bond with a no-grow size of €500m on Wednesday, and an expected rating of Baa1 from Moody’s.
RLB Noe Wien was a co-lead manager, and the issuer chose DZ Bank
, JP Morgan
, Raiffeisen Bank