Wolf Theiss advises Raiffeisen Bank SA (Romania) on its inaugural issue of senior non-preferred eligible green notes

Wolf Theiss has advised Raiffeisen Bank SA (Romania) as Issuer on its RON 1.2 Billion Senior Non-Preferred Eligible Green Notes issue, the largest RON denominated bond issue of a Romanian issuer as of 4 June 2021, with a fixed annual coupon of 3.793%.

On 4 June 2021, Raiffeisen Bank S.A. (Romania) successfully placed an issue of senior non-preferred green notes, in order to finance eligible green projects aiming the transition to a sustainable economy. The notes issue was addressed to institutional investors and has a volume of approx. RON 1.2 billion, a tenor of 7 years and a fixed coupon of 3.793% per annum. With a demand of approx. RON 1.35 billion, the placement was oversubscribed almost 1.35 times. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes, based on the confirmation of the National Bank of Romania.

Raiffeisen Bank International AG and Raiffeisen Bank S.A. (Romania) were responsible for the placement of the notes as joint lead managers.

As per local law, Raiffeisen Bank S.A. (Romania) relied on the expertise of Wolf Theiss' international Debt Capital Market (DCM) Team, consisting of Andreea Tudorache, Claudia Chiper, Nevena Skocic, Nikolaus Dinhof, Sebastian Prakljacic and Alex Haas.

On German law aspects, Raiffeisen Bank S.A. (Romania) was advised by Freshfields Bruckhaus Deringer Rechtsanwälte, partners Stephan Pachinger and Christoph Gleske and team members Christian Joellinger, Birgit Schulz and Benedikt Graf.