RLB Noe takes advantage of ‘really quiet’ window for rare senior offering

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By David Freitas
09 Oct 2019

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, NatixisRaiffeisen Bank ...

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