“The bond issue will not be launched this month,” Steven van Groningen told the 2013 ZF Bankers Summit in Bucharest.
“We have good liquidity and we see no reason to issue the bond now, while certain uncertainties persist.”
The Raiffeisen Bank’s chief said his institution would wait for better market conditions to launch the bond.
“We want to wait to get a good yield,” van Groningen told the summit.
Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, in March announced plans to issue a bond of up to RON500 million on the local market, without specifying an exact date.
The bank’s head said the recent change in management at Raiffeisen Bank International will not alter the bank’s strategy in Romania.
“Romania is a large market and the local bank doesn’t require liquidity or capital inflows from Vienna. On the contrary, we are paying them dividends,” van Groningen said.