2020

04.05.2020 – Julius Bär Gruppe AG

Julius Baer to redeem Perpetual Tier 1 Subordinated (Additional Tier 1) AT1 bonds issued 5 June 2014 at first call date

Julius Baer to redeem Perpetual Tier 1 Subordinated (Additional Tier 1) AT1 bonds issued 5 June 2014 at first call date

Zurich, 4 May 2020 – Julius Baer has announced it has exercised its option to redeem all of the outstanding perpetual Tier 1 bonds issued on 5 June 2014 at par value plus accrued interest on the first call date of 5 June 2020, in accordance with section 3 (c) of the terms of the bonds. The bonds (ISIN: CH0240109600), with a coupon of 4.25% per annum, were issued by Julius Baer Group Ltd. in the aggregate nominal amount of CHF 350 million. The redemption of the low-trigger Additional Tier 1 bonds was funded by the issue of CHF 350 million of low-trigger Additional Tier 1 bonds in June 2019 with a coupon of 2.375%.

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About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. At the end of 2019, assets under management amounted to CHF 426 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.

Julius Baer is present in over 25 countries and more than 60 locations. Headquartered in Zurich, we have offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Mexico City, Milan, Monaco, Montevideo, Moscow, Mumbai, São Paulo, Singapore and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base and our entrepreneurial management culture make us the international reference in wealth management.

For more information, visit our website at www.juliusbaer.com


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