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In July 2018 we have concluded the cash tender offer for the € 300 million 8.125% Subordinated Tier 2 Bullet Notes due October 2023 (ISIN XS0987169637), which were issued out of BAWAG P.S.K..

The tender offer was exceptionally successful with a total take-up of approx. 90%, resulting in a total nominal amount tendered of € 268 million, at a purchase price of 134.08% (offer spread of MS+110bps).

The tender offer was announced on 28 June 2018 and expired on 6 July 2018. It was priced on 9 July 2018 with settlement taking place on 10 July 2018.

The tender offer was part of BAWAG Group’s total capital optimization measures.

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