EQS Group-News: Julius Baer Group Ltd. / Keyword (s): Bond Julius Baer Group Ltd. places perpetual subordinated bonds of category 1 in USD 2021-09-15 / 17:40

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Zurich, September 15, 2021 – Today Julius Baer Group Ltd. successfully placed additional perpetual non-cumulative Category 1 (AT1) securities in a $ 320 million transaction with private banks and institutional investors in Asia and Europe. The transaction will help optimize the capital structure of the Julius Baer Group and add flexibility.

The securities bear a coupon of 3.625%, payable semi-annually, and have a first reset date of September 23, 2028. The bonds include, among other things, a capital trigger of 5.125% CET1 ratio and are redeemable at any time within six- months preceding and including the first reset date or on each interest payment date thereafter. They will be issued in denominations of $ 200,000 and in multiples of $ 1,000. The instrument’s coupon represents the lowest of the AT1 bonds denominated in USD issued by a European bank.

The instrument has been assigned a Moody’s Baa3 (hyb) instrument rating. An application for provisional admission to trading on the SIX Swiss Exchange will be submitted.


Media relations, tel. +41 (0) 58 888 8888

Investor relations, tel. +41 (0) 58 888 5256

This announcement is not and should not be construed or interpreted as a solicitation to purchase securities of / in the Julius Baer Group.

About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on serving and advising sophisticated private clients. In everything we do, we are inspired by our goal: to create value beyond wealth. At the end of June 2021, assets under management amounted to CHF 486 billion. Bank Julius Baer & Co. AG, the famous Swiss private bank with origins dating back to 1890, is the main operating company of the Julius Baer AG Group, whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Leader Index (SLI), made up of the 30 largest and most liquid Swiss stocks.

Julius Baer is present in more than 25 countries and more than 60 locations. Based in Zurich, we have offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Mexico City, Milan, Monaco, Montevideo, Moscow, Mumbai, São Paulo, Singapore and Tokyo. Our customer-centric approach, our objective advice based on the Julius Baer open product platform, our strong financial base and our entrepreneurial management culture make us the international benchmark in wealth management.

For more information visit our website at www.juliusbaer.de

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End of press release

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Language:     English 
Company:      Julius Baer Group Ltd. 
              Bahnhofstrasse 36 
              8010 Zurich 
Phone:        +41 58 888 11 11 
E-mail:       [email protected] 
Internet:     www.juliusbaer.com 
ISIN:         CH0102484968 
Listed:       SIX Swiss Exchange 
EQS News ID:  1233667 
End of News   EQS Group News Service 

1233667 2021-09-15

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1233667&application_name=news

(END) Dow Jones Newswires

September 15, 2021 11:40 am ET (3:40 pm GMT)

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