Zurich, 29 January 2018 – Julius Baer has announced it will redeem all of the outstanding perpetual Tier 1 bonds issued on 18 September 2012 at par value on the first call date of 19 March 2018, in accordance with the terms of the bonds. The bonds (ISIN: CH0194437668), with a coupon of 5.375% per annum, were issued by Julius Baer Group Ltd. in the amount of CHF 250 million. The redemption of the low-trigger Additional Tier 1 bonds has been funded by the issue of USD 300 million of high-trigger Additional Tier 1 bonds in September 2017 with a coupon of 4.75%.
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