• 12/07/2024 17:17

Raiffeisen shares and bonds fall amid US pressure over the bank's agreement with Deripaska

Shares and bonds of Raiffeisen Bank International (RBI) fell again on Thursday after it became known that Washington is putting pressure on the Austrian bank to cancel an agreement with sanctioned Russian oligarch Oleg Deripaska. This is reported by Reuters.

Raiffeisen shares and bonds fall amid US pressure due to the bank's agreement with Deripaska

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The United States wants Raiffeisen to abandon plans to buy the share of Russian oligarch Oleg Deripaska worth 1.5 billion euros from an Austrian company construction company Strabag.

Fall in RBI shares and bonds

Shares of the largest Western bank in Russia fell on Wednesday by 16% to three-month low.

Raiffeisen canceled the €650 million bond sale, blaming “an unfavorable market reaction to recent media headlines.”

On Thursday, RBI shares fell 1.2% at 2:45 p.m. Kyiv time.

Raiffeisen's AT1 6% bonds due December 2026 were last traded at 93.661 cents, down from 93.740 at Wednesday's close.

Previously The bonds traded at their highest price since February 2022 this week, but have since lost 2.5 cents, according to LSEG data.


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