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16.03.05

RZB increases Bond Issue to€ 1 billion.

Issue substantially oversubscribed. Internationally diversifiedPlacement.

Raiffeisen Zentralbank Oesterreich AGs (RZB) second benchmark bond issue this year is once again an outstanding success. Due to the more than twofold oversubscription, RZB has increased the volume from 750 million to 1 billion. Responding to the strong demand, the 3-year floating rate note was priced 8 basis points above 3-months Euribor. Joint-Lead Managers and Bookrunners are DZ Bank, Barclays Capital and RZB.

This issue again demonstrates the strength and diversity of international demand for RZBs capital markets issues, says Patrick Butler, RZBs Board Member with responsibility for Treasury and Investment Banking, who highlights purchases from the Middle East, Asiaand Europe. Investors appreciate both the quality of the borrower and our policy of pricing transactions fairly.

RZBs last major bond issue in January was also increased from 750 million to 1 billion in the face of enormous demand.

Vienna-based RZB is the central institution of the Raiffeisen BankingGroup, Austria''s most powerful banking group. It is a leading corporateand investment bank in Austria and also considers Central and EasternEurope (CEE) as its home market, where it operates, via RaiffeisenInternational Bank-Holding AG (Raiffeisen International), a network of15 subsidiary banks with more than 900 banking outlets. Seven of theseNetwork Banks rank among the three largest banks in their respectivemarkets.

 

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