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Raiffeisenbank a.s.- Tender Offer 2024 (XS) - Results

Raiffeisenbank a.s. announces results of its Cash Tender Offer for its outstanding EUR 500,000,000 7.125% 3NC2 Fixed to Floating Rate Senior Non-Preferred MREL Eligible Sustainable Notes due 2026

06 JUNE 2024


Full announcement including disclaimers and offer restrictions available via Luxse


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"Results of the Tender Offer


The Tender Offer expired at 5.00 p.m. (Central European Summer time) on 5 June 2024 (the Expiration Date) and the Offeror now announces the results of the Tender Offer.


The Offeror announces that, subject to the satisfaction (or waiver by the Offeror) of the General Conditions on or prior to the Settlement Date, it has decided to accept all valid tenders of Notes pursuant to the Tender Offer, being EUR 315,500,000 in aggregate principal amount of the Notes, at a cash purchase price of 101.875 per cent. of the principal amount of such Notes.


Subject to the satisfaction (or waiver by the Offeror) of the General Conditions, the Settlement Date for the Tender Offer is expected to be 7 June 2024. Following settlement of the Tender Offer, EUR 184,500,000 in aggregate principal amount of the Notes will remain outstanding."


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Raiffeisenbank a.s.announces Cash Tender Offer for its outstanding EUR 500,000,000 7.125% 3NC2 Fixed to Floating Rate Senior Non-Preferred MREL Eligible Sustainable Notes due 2026 - XS2577033553

28 MAY 2024


Full announcement including disclaimers and offer restrictions available via Luxse


28 May 2024. Raiffeisenbank a.s. (the Offeror) announces today an invitation to eligible holders of its outstanding EUR 500,000,000 7.125% 3NC2 Fixed to Floating Rate Senior Non-Preferred MREL Eligible Sustainable Notes due 2026 (ISIN:XS2577033553) (the Notes) to tender any and all of such Notes for purchase by the Offeror for cash, subject to the satisfaction (or waiver by the Offeror) of the General Conditions and/or the New Financing Condition (as both defined below) (such invitation, the Tender Offer).

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Summary of the Tender Offer


A summary of certain of the terms of the Tender Offer appears below:



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"Rationale for the Tender Offer


The purpose of the Tender Offer is to proactively manage the refinancing of the Notes in conjunction with the issue of the New Notes (as defined below) for the purposes of the Offeror managing its capital position. The Tender Offer intends to also provide Noteholders with the concurrent opportunity to sell their current holdings in the Notes ahead of the optional call date falling on 19 January 2025 and to subscribe for the proposed New Notes.

Notes repurchased by the Offeror pursuant to the Tender Offer will be cancelled following the Settlement Date and will not be re-issued or re-sold and the obligations of the Offeror in respect of any such Notes shall be discharged.


The Offeror reserves the right, subject to the successful completion of the issue of the New Notes and to market conditions at the relevant time, to redeem any Notes outstanding after the Tender Offer (if any) on the call redemption date set forth in the final terms relating to the Notes (19 January 2025). The Offeror may, in its sole discretion, elect to not proceed with the optional redemption of any outstanding Notes, and for the avoidance of doubt, the Offeror has no intention to proceed with the optional redemption of any outstanding Notes unless the New Notes issuance is effective. In the event the Offeror elects to proceed with the optional redemption of any outstanding Notes, it will publish formal notice of redemption in due course in accordance with the terms and conditions of the Notes. This statement of intention is not a formal notice of redemption to the Noteholders pursuant to the terms and conditions of the Notes."


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