Raiffeisenbank is reportedly expected to help Tajikistan attract investments for completion of construction of the Roghun hydroelectric power plant (HPP).
This issue was discussed at a meeting of Jamoliddin Nouraliyev, First Deputy Head of the National Bank of Tajikistan (NBT), with Pavel Zarutsky, Raiffeisenbank CEO for CIS Member Nations, which took place here recently, according to the NBT press center.
In the course of the talks, Nouraliyev reportedly appreciated Raiffeisenbank’s support for placing Tajikistan’s first Eurobonds in international investment markets.
Tajik official underlined the importance of issuance of international bonds and attraction of foreign investments for completion of construction of the Roghun hydropower plant.
Mr. Zarutsky, for his part, expressed Raiffeisenbank’s readiness to continue collaboration with Tajik central bank on attraction of investments for construction of the Roghun HPP, the NBT press center said.
Recall, Tajikistan's 10-year bonds were placed on September 7 last year with a yield of 7.125%. The bankers handling the deal had originally signaled a yield of 8% but demand was strong, with bids exceeding $4 billion. S&P Global Poor's gave the bond a B- rating while Moody's Investor Service put it as B3.
According to the data from the National Bank of Tajikistan (NBT), the public bonds were sold to managing funds (85 percent), hedge funds (9 percent) as well as banks and other financial institutions (6 percent).
Raiffeisenbank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen
Raiffeisen Bank International A.G. (RBI) is an Austrian banking group, itself is a central institution of the Raiffeisen Banking Group Austria (RBG). The central bank is listed on the Vienna Stock Exchange, with the regional banks of RBG were the major shareholder of the central bank, via a shareholders' agreement.
Raiffeisen Bank International was a subsidiary of Raiffeisen Zentralbank Österreich (RZB Group). In 2017, Raiffeisen Bank International reverse merger with its parent company Raiffeisen Zentralbank. Due to its size, Raiffeisen Bank International was supervised by the European Central Bank directly (as 1 of the 126 banking group
Raiffeisenbank has been operating in Russia since 1996 and offers to both resident and non-resident retail and corporate customers the full range of banking products for domestic and cross-border operations in both local and foreign currency. In 2006, Raiffeisen acquired OAO Impexbank and merged it with Raiffeisenbank.
Raiffeisenbank is regarded as one of the most reliable banks in Russia by ratings agencies. At the end of 2017, it operated a network of 185 outlets, servicing more than 2.3 million customers. The bank’s subsidiaries Raiffeisen-Leasing, Raiffeisen Life (insurance) and Raiffeisen Capital Asset Management complement the product scope.
