Julius Baer Group has successfully placed CHF 350 million of subordinated, unsecured debt with private and institutional investors.
The perpetual non-cumulative Additional Tier 1 Securities carry a coupon of 4.25% and include an optional redemption call on 5 June 2020 and at any interest payment date thereafter.
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The securities will be issued in denominations of CHF 5,000 and multiples thereof.
The additional hybrid tier 1 capital will balance the diminishing Basel III capital recognition of Julius Baer Group’s outstanding old style capital instruments (preferred securities and lower tier 2 subordinated unsecured bonds).
An application will be made for provisional admission to trading on the SIX Swiss Exchange.
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