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20 March 2014

Sayenko Kharenko advises on the record capital increase of Raiffeisen Bank International

Sayenko Kharenko acted as Ukrainian legal counsel to the joint global coordinators Deutsche Bank, Raiffeisen Centrobank and UBS on the most recent capital increase of Raiffeisen Bank International AG (“RBI”) for the total amount of EUR 2.78 billion.

RBI placed 97,473,914 new shares at the price of EUR 28.50 per share, thereby increasing its capital by 50%. With proceeds from the issue amounting to EUR 2.78 billion, the capital increase is the third largest of its kind on the Vienna Stock Exchange to date.

RBI plans to use the proceeds from the issue to repay the participation capital in the amount of EUR 2.5 billion (EUR 1.75 billion of which to the Republic of Austria).

Sayenko Kharenko team working on the current transaction included partner Nazar Chernyavsky, senior associate Anton Korobeynikov and associates Olena Krasna and Taras Shyb.

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