Key Developments: Raiffeisen Bank International AG (RBIV.VI)
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4:24am EDT
€-0.35 (-1.42%)
€24.95
€24.45
€24.54
€24.16
30,013
180,664
€33.95
€22.86
Latest Key Developments (Source: Significant Developments)
Raiffeisen Bank International Updates on CEO Change
Raiffeisen Bank International announced that its supervisory board has accepted the resignation of the Company's Chief Executive Officer (CEO), Mr. Herbert Stepic. After Mr. Stepic offered to resign his position due to personal reasons on May 24, 2013, he will step down from the Company's management board with immediate effect. At the same time, Mr. Karl Sevelda, the board member responsible for Corporate Banking of the Company, will take over the function of CEO with immediate effect. Full Article
Raiffeisen Bank International AG CEO Quits Over Offshore Deals-Reuters
Reuters reported that Raiffeisen Bank International's Chief Executive Officer Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators. Stepic, 66, again denied wrongdoing in using front companies in the Caribbean and Asia to buy flats in Singapore in 2006 and 2008 - deals exposed by the Offshore Leaks investigative journalism project - but said he decided to quit out of loyalty to Raiffeisen. Full Article
Raiffeisen International Bank-Holding AG Prices EUR750 Million 2017 2.75% Bond At 99.389-DJ
Dow Jones reported that Raiffeisen Bank International AG has priced its EUR750 million ($946.2 million)five-year, senior unsecured bond at 165 basis points over midswaps, one of the banks running the deal said Tuesday. DZ Bank, HSBC Holdings PLC, RBI and UBS AG were the lead managers of the sale. The terms of the transaction are as follows: Amount: EUR750 million; Maturity: July 10, 2017; Coupon: 2.75%; Reoffer Price: 99.389; Payment Date: July 10, 2012 Spread: 165 basis points over midswaps; Debt Ratings: A2 (Moody's) A (Standard & Poor's) A (Fitch) Denominations: EUR100,000; Listing: Luxembourg. Full Article
Moody's Cuts German, Austrian Banks On Euro Risks Including Raiffeisen Bank International AG-Reuters
Reuters reported that Moody's Investors Service cut the credit ratings of six German banking groups and Austria's three banks on Wednesday, saying they face risks if the euro zone crisis deepens. The downgrades are part of a broad review of banks in the region that has had investors on edge but were mild compared to cuts for banks in weaker economies such as Spain and Italy. Moody's said German lenders face risks to the quality of their assets if the euro zone crisis deepens or the global economy slows more, while also noting the relative strength of the German and Austrian economies. Commerzbank AG saw its long-term rating cut by one notch to A3 from A2 and assigned a negative outlook. Other German banks Landesbank Baden-Wuerttemberg and Norddeutsche Landesbank GZ were lowered to A3 from A2 and given stable outlooks while Italy's UniCredit SpA saw its German unit cut to A3 from A2 and given a negative outlook. The agency delayed action on Deutsche Bank AG and its subsidiaries, saying that will come with reviews for other global firms with large capital markets operations. In Austria, Moody's cut the long-term rating for Erste Group Bank AG by two notches to A3 from A1 and assigned a negative outlook while UniCredit Bank Austria AG was cut to A3 from A2, also with a negative outlook. Raiffeisen International Bank-Holding AG was cut to A2 from A1 and assigned a stable outlook. Full Article
Polish Financial Regulator Agrees on Raiffeisen International Bank-Holding AG's Acquisition of Polbank EFG SA-Reuters
Reuters reported that Raiffeisen Bank International AG received a notice from Polish Financial Regulator (Komisja Nadzoru Finansowego; KNF) concerning the agreement of Polish Financial Regulator on purchase of Greek EFG Eurobank Ergasias’s Polish unit Polbank EFG SA, adding it expects both Raiffeisen and its enlarged local unit to be listed on the Warsaw Stock Exchange. The Polish Financial Regulator wants Raiffeisen Bank Polska to be listed on the Warsaw Stock Exchange by the end of June 2016, with its mother company following two years later. Last year, Raiffeisen agreed to buy a 70% stake in Polbank for EUR 490 million (USD 640 million) from EFG Eurobank Ergasias. Full Article
Raiffeisen International Bank-Holding AG Issues New Bonds
Raiffeisen Bank International AG announced that it has issued a bond of 2012-2022/PP/Serie 53 and interest rate target of 3.82% from the EUR 20,000,000,000 emission program for secured debt, derivative instruments and certificates. The ISIN of the bond is AT000B012695. Full Article
Raiffeisen International Bank-Holding AG Issues New Notes
Raiffeisen Bank International AG announced that it has issued EUR 40,000,000 Floating Rate Notes due February 2013, Series 10, Tranche 1 from the EUR 25,000,000,000 Debt Issuance Program for the issue of Notes. The ISIN of the Notes is XS0747342607. Full Article
Raiffeisen Bank International AG Issues New Bond
Raiffeisen Bank International AG announced that it has issued Step-Up-Anleihe 2012-2015/PP/Serie 38 from the EUR 20,000,000,000 emission program for secured debt, derivative instruments and certificates. The ISIN of the bond is AT000B012539. Full Article
Raiffeisen Zentralbank Oesterreich AG Announces EUR 1.9 Billion Capital Shortfall
European Banking Authority (EBA) reported that according to the conducted assessment of European banks' capital requirements, Raiffeisen Zentralbank Oesterreich AG, the major shareholder of Raiffeisen International Bank-Holding AG, requires additional capital amounting to EUR 1.9 Billion to meet the capital requirements. The assessment was conducted according to the core tier 1 ratio of 9% benchmark. The Company also announced that it will take all the necessary measures to comply with the new requirements. Full Article
Raiffeisen International Bank-Holding AG Issues New Bond
Raiffeisen Bank International AG announced that it has issued a bond of 2011-2021/Serie 31 and interest rate target of 20% from the EUR 20,000,000,000 emission program for secured debt, derivative instruments and certificates. The ISIN of the bond is AT000B012455. Full Article
Raiffeisen Bank in no rush for share issue-chairman
VIENNA, June 13 - Austria's Raiffeisen Bank International will eventually issue more shares to bulk up its balance sheet but is in no rush given the low market value of its stock, Chairman Walter Rothensteiner said on Thursday.
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