General Announcement::Julius Baer Group Ltd. to redeem Perpetual Tier 1 Subordinated bonds at first call date

Issuer & Securities

Issuer/ Manager
JULIUS BAER GROUP LTD.
Securities
JULIUS BAER S$450M5.9%PERPBOND - XS1322369338 - 37KB
JULIUS BAERS$325M5.75%PERPBOND - XS1502435727 - 60KB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-Oct-2020 13:01:52
Status
New
Announcement Sub Title
Julius Baer Group Ltd. to redeem Perpetual Tier 1 Subordinated bonds at first call date
Announcement Reference
SG201012OTHRE0SM
Submitted By (Co./ Ind. Name)
Olivier Staehli
Designation
Corporate Communications
Description (Please provide a detailed description of the event in the box below)
Julius Baer announces it will exercise its option to redeem all of the outstanding perpetual Tier 1 bonds issued on 18 November 2015 at par value plus accrued interest on the first call date of 18 November 2020, in accordance with section 3 (c) of the terms of the bonds. The bonds (ISIN: XS1322369338), with a coupon of 5.9% per annum, were issued by Julius Baer Group Ltd. in the aggregate nominal amount of SGD 450 million. The redemption of the high-trigger Additional Tier 1 bonds was funded by the issue of USD 350 million of high-trigger Additional Tier 1 bonds on 29 September 2020 with a coupon of 4.875%.

Attachments

2020-10-12_JuliusBaer_SGD-Tier-1-Bonds_MediaRelease_EN.pdf
Total size =44K