May 4, 2020 / 5:56 AM / a month ago

BRIEF-Julius Baer Says It Excercised Option To Redeem Tier 1 Bonds Issued On June 5, 2015

May 4 (Reuters) - Julius Baer Gruppe AG:

* HAS ANNOUNCED IT HAS EXERCISED ITS OPTION TO REDEEM ALL OF OUTSTANDING PERPETUAL TIER 1 BONDS ISSUED ON 5 JUNE 2014 AT PAR VALUE PLUS ACCRUED INTEREST ON FIRST CALL DATE OF 5 JUNE 2020, IN ACCORDANCE WITH SECTION 3 (C) OF TERMS OF BONDS

* BONDS WITH A COUPON OF 4.25% PER ANNUM, WERE ISSUED BY JULIUS BAER GROUP LTD. IN AGGREGATE NOMINAL AMOUNT OF CHF 350 MILLION

* REDEMPTION OF LOW-TRIGGER ADDITIONAL TIER 1 BONDS WAS FUNDED BY ISSUE OF CHF 350 MILLION OF LOW-TRIGGER ADDITIONAL TIER 1 BONDS IN JUNE 2019 WITH A COUPON OF 2.375% Further company coverage: (Berlin Speed Desk)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below