To change your current location please select from one of Julius Baer’s locations below. Alternatively if your location is not listed please select international.

E-Services

Please select
Additional e-Services

*The location identified is an approximation based on your IP address and does not necessarily correspond to your citizenship or place of domicile.

Julius Baer Group Ltd. places USD Perpetual Tier 1 Subordinated bonds

share-mobile

Share

Share

Zurich, 29 September 2020 – Today, Julius Baer Group Ltd. has successfully placed perpetual non-cumulative Additional Tier 1 (AT1) securities in a USD 350 million transaction with private banks and institutional investors in Asia and Europe. The transaction will help to optimise Julius Baer Group’s capital structure and flexibility.

The securities carry a coupon of 4.875%, payable semi-annually, and have a First Reset Date on 8 October 2026 or on each coupon date thereafter. They are also callable any time in the six-month period prior to the First Reset Date. They will be issued in denominations of USD 200,000 and multiples of USD 1,000 thereof.

The instrument has been assigned a Moody’s Baa3 instrument rating. An application has been made for provisional admission to trading on the SIX Swiss Exchange.

The securities are fully compliant with Basel III and qualify as AT1 capital, thus further strengthening the Group’s solid capital levels.

We use cookies to make our website user-friendly for you. Please click "accept" or "customise settings" to customise which cookies will be set. Your preferences expire after six months. A default 'no consent' option applies in case no choice is made. Detailed information on the handling of cookies and data privacy, as well as your right to withdraw your consent at any time, can be found in our Data Privacy Policy.