on VOLKSBANK WIEN AG (isin : AT000B121967)
VOLKSBANK WIEN AG Plans EUR 400 Million Bond Repurchase
Vienna-based VOLKSBANK WIEN AG intends to repurchase EUR 400,000,000 of its 2.75% Tier 2 notes. These notes, identified by ISIN: AT000B121967, have an interest rate reset date of 6 October 2022.
VOLKSBANK WIEN will invite noteholders to tender their notes for cash. The purchase price will be determined as described in the tender offer memorandum (dated 27 August 2024). The tender offer begins on 27 August 2024 and concludes at 5:00 p.m. CEST on 4 September 2024, with a settlement date around 6 September 2024.
Kroll Issuer Services Limited and Erste Group Bank AG will act as tender agents. VOLKSBANK WIEN may reject any tendered notes at its discretion.
Subject to market conditions, VOLKSBANK WIEN plans to issue a new series of EUR-denominated Tier 2 notes.
R. E.
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