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.
In March 2019, BAWAG Group AG issued Subordinated Tier 2 Notes with a € 400 million principal amount. The securities (ISIN XS1968814332) are listed on the Luxembourg Stock Exchange.
In September 2020, BAWAG Group AG issued Subordinated Tier 2 Notes with a € 200 million principal amount. The securities (ISIN XS2230264603) are listed on the Luxembourg Stock Exchange.