Bond Swap at Raiffeisen

Businessn.a. ♦ Published: December 2, 2013; 14:23 ♦ (Vindobona)

RBI offers bond holders of RCB to swap their debenture bonds to promissory notes.

Bond Swap at Raiffeisen / Picture: ©

Raiffeisen Bank International (RBI) has offered bond holders of a debenture bond mature in 2019 to swap their RCB (Raiffeisen Centrobank) bonds with promissory notes (so-called “Schuldscheine”) at RBI. Currently RCB holds 78.5 percent in listed RBI.

With this measure around € 500m is supposed to be transferred to RBI. The bonds nominal values are € 100,000 each, and are…