€€€ RCI BANQUE EUR bmk 10.25NC5.25 – IPTs MS+340/350 €€€
Issuer RCI BANQUE
Issue Type Fixed Rate Resettable Tier 2 Subordinated Notes, which are intended to constitute Tier 2 Instruments of the Issuer
Issuer Rating Baa1 / BBB (Moody’s / S&P)
Issue Rating (Exp.) [Ba1 / BB] (Moody’s / S&P)
Currency EUR
Size € benchmark
Ranking Direct, unconditional, unsecured and subordinated obligations of the Issuer, pari passu among themselves and with other Tier 2 instruments, and senior to any prêts participatifs granted to the Issuer, titres participatifs issued by the Issuer and
other securities of the Issuer subordinate thereto, including share capital and any deeply subordinated obligations of the Issuer
Maturity [18th] Feb 2030 (year 10.25)
Settlement Date [18th] November, 2019 (T+[7])
Issuer’s Call Option The Issuer may elect at its sole discretion to redeem on [18th] Feb 2025 (year 5.25), all but not some only of the Notes, subject to (including but not limited to) prior regulatory approval at par, together with any accrued and unpaid
interest thereon (one-time call)
Interest Payable annually in arrear on [18th] February of each year, commencing on [18th] Feb 2020 (short-first coupon), at
a) A fixed rate of [•]% p.a up to [18th] Feb 2025,(b) Thereafter, the rate will be reset on [18th] Feb 2025 to the sum of the then
prevailing 5-year EUR mid-swap rate and the initial credit spread (one-time reset) – N.B: including appropriate fall-back provision language in the case of benchmark rate discontinuation (no step-up)
Issuer RCI BANQUE
Issue Type Fixed Rate Resettable Tier 2 Subordinated Notes, which are intended to constitute Tier 2 Instruments of the Issuer
Issuer Rating Baa1 / BBB (Moody’s / S&P)
Issue Rating (Exp.) [Ba1 / BB] (Moody’s / S&P)
Currency EUR
Size € benchmark
Ranking Direct, unconditional, unsecured and subordinated obligations of the Issuer, pari passu among themselves and with other Tier 2 instruments, and senior to any prêts participatifs granted to the Issuer, titres participatifs issued by the Issuer and
other securities of the Issuer subordinate thereto, including share capital and any deeply subordinated obligations of the Issuer
Maturity [18th] Feb 2030 (year 10.25)
Settlement Date [18th] November, 2019 (T+[7])
Issuer’s Call Option The Issuer may elect at its sole discretion to redeem on [18th] Feb 2025 (year 5.25), all but not some only of the Notes, subject to (including but not limited to) prior regulatory approval at par, together with any accrued and unpaid
interest thereon (one-time call)
Interest Payable annually in arrear on [18th] February of each year, commencing on [18th] Feb 2020 (short-first coupon), at
a) A fixed rate of [•]% p.a up to [18th] Feb 2025,(b) Thereafter, the rate will be reset on [18th] Feb 2025 to the sum of the thenprevailing 5-year EUR mid-swap rate and the initial credit spread (one-time reset) – N.B: including appropriate fall-back provision language in the case of benchmark rate discontinuation (no step-up)
