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RBI successfully completes EUR 2.78 billion pre-placement

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2014-01-22 16:30

RBI press release: Today, Raiffeisen Bank International AG (RBI) successfully placed 97,473,914 new shares (partially subject to clawback, as described below) amounting to EUR 2.78 billion, in a private placement to institutional investors by way of an accelerated bookbuild offering (the “Pre-Placement”).

The Management Board of RBI, with the consent of the Supervisory Board, has determined the offer price for the new shares (the “New Shares”) in the Pre-Placement, and subscription price for the New Shares in the subsequent subscription rights offering, at EUR 28.50 per share.

Existing shareholders of RBI will receive a subscription right for New Shares in the ratio of 1 New Share for 2 old shares. There will be no trading of subscription rights on any stock exchange.

All New Shares were placed in the Pre-Placement, with 21.3 per cent of these New Shares being subject to clawback and deferred settlement. The clawback will be applied in the event of subscription rights being exercised during the subscription period by existing shareholders who have not previously waived their subscription rights. The subscription period for the New Shares has been set from 24 January up to and including 7 February 2014.

The delivery and settlement of the New Shares sold to investors in the Pre-Placement, with the exception of New Shares allocated subject to clawback and deferred settlement, will take place on 28 January 2014.

The delivery and settlement of New Shares subscribed in the subscription rights offering and of New Shares allocated in the Pre-Placement (to the extent the clawback is not exercised) will take place on 12 February 2014.

As a result of the Pre-Placement, RBI expects gross proceeds from the capital increase of EUR 2.78 billion. This would result in a fully phased-in Basel III CET 1 ratio of approximately 9.7 per cent (pro forma as of 30 September 2013, including interim profit less pro rata dividends on share and participation capital).

Deutsche Bank, Raiffeisen Centrobank and UBS are acting as joint global coordinators and joint bookrunners, and Barclays, BNP Paribas, Commerzbank, ING, and Intesa are acting as co-lead managers for the offering of the New Shares.

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