Julius Baer Group successfully raises hybrid tier 1 capital Zurich, 11 September 2012 --- After a short book-building process, Julius Baer Group Ltd. has successfully placed CHF 250 million of subordinated, unsecured debt with institutional and private investors. The perpetual non-cumulative Additional Tier 1 Securities carry a coupon of 5.375% and include an optional redemption call on 19 March 2018 and any interest payment date thereafter. The securities will be issued in denominations of CHF 5,000. The proceeds will be used for the partial financing of the acquisition of Merrill Lynch's International Wealth Management business outside the US and Japan. An application will be made for provisional admission to trading on the SIX Swiss Exchange. Contacts Media Relations Tel. +41 (0)58 888 8888 Investor Relations Tel. +41 (0)58 888 5256 Provider Channel Contact Tensid Ltd., Switzerland newsbox.ch Provider/Channel related enquiries www.tensid.ch www.newsbox.ch firstname.lastname@example.org +41 41 763 00 50
Julius Baer Group successfully raises hybrid tier 1 capital
Press spacebar to pause and continue. Press esc to stop.