Julius Baer Group Ltd. successfully places USD 320m perpetual unsecured Additional Tier 1 (AT1) securities

Niederer Kraft Frey has advised Swiss global private banking group Julius Baer on the bond issuance by its parent company, Julius Baer Group Ltd., of USD 320 million perpetual non-cumulative and unsecured Additional Tier 1 (AT1) securities with a coupon of 3.625 per cent., payable semi-annually, and a First Reset Date on 23 September 2028. The bonds include a capital trigger of 5.125 per cent. CET1 Ratio and are callable any time in the six-month period prior to and including the First Reset Date or on each Interest Payment Date thereafter. The bonds have been issued in minimum denominations of USD 200,000 and successfully placed with private banks and institutional investors in Asia and Europe by Citigroup Global Markets Limited, Bank Julius Baer & Co. Ltd., and DBS Bank Ltd. The bonds are listed on SIX Swiss Exchange.

The NKF team was led by Capital Markets partner Daniel Bono, working with senior associate Giulia Ghezzi (Capital Markets) and partner Markus Kronauer (Tax) and senior associate Sven Kälin (Tax).

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