Julius Baer Group Ltd’s $320 Million Perpetual Unsecured Additional Tier 1 Securities Offering

Niederer Kraft Frey advised Julius Baer Group Ltd on the deal.

The Swiss global private banking group Julius Baer announced 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 (Picture), working with senior associate Giulia Ghezzi (Capital Markets) and partner Markus Kronauer (Tax).

Involved fees earner: Daniel Bono – Niederer Kraft Frey Ltd; Giulia Ghezzi – Niederer Kraft Frey Ltd; Markus Kronauer – Niederer Kraft Frey Ltd;

Law Firms: Niederer Kraft Frey Ltd;

Clients: Julius Baer;

Author: Federica Tiefenthaler