RLOB prints CMS linker

By Frank Jackman
22 Nov 2019

Austrian bank Raiffeisenlandesbank Oberoesterreich has visited the MTN market to print a rare constant maturity swap (CMS) linked note - its first since 2018, according to Dealogic.

Raiffeisenlandesbank Oberoesterreich(RLOB)sold a €9m November 2027 CMS linked bond on Wednesday. The bond pays a coupon of 0.5% until November 2020, before changing to a coupon of 65% of the 30 year Euro CMS, floored at 0.35% and capped at 2%. UniCredit priced the deal ...

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