From 125 million up to 200 million francs due to great demand.
Raiffeisen Zentralbank Oesterreich AG (RZB) has increased itsfloating-rate note (FRN) due to the great demand for the security. Thenote now has a total volume of 200 million Swiss francs (sfr) instead ofthe scheduled 125 million sfr.“The strong demand by investors once again demonstrates RZB’s strong position in the capital market”, says Patrick Butler, responsible Member of RZB’s Board of Management. RZB funds a part of its refinance needs for Swiss francs with this issue.
The bond denominated in Swiss francs is payable by 25 January 2007, aquotation is aimed at the Zurich stock exchange. The offering price camein at 100.1 per cent and the coupon is linked to the three-month Libor(money-market rate) plus 4 basis points. Denomination is 1,000 Francs.CSFB has arranged the issue.
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 920 banking outlets, as well as tworepresentative offices, in 16 markets. RZB''s network banks rank amongthe three largest banks in eight CEE markets.
A printable picture of Patrick Butler can be downloaded fromhttp://www.rzbfiles.at/patrickbutler.jpg.