VISCHER advised Julius Baer Group Ltd. in its Placement of additional hybrid Tier 1 capital. After a short book-building process, Julius Baer Group Ltd. has successfully placed CHF 350 Million of subordinated, unsecured debt with private and institutional investors. The perpetual non-cumulative Additional Tier 1 Securities carry a coupon of 4.25%. The additional hybrid tier 1 capital will balance the diminishing Basel III capital recognition of Julius Baer Group’s outstanding old style capital instruments (preferred securities and lower tier 2 subordinated unsecured bonds). An application will be made for provisional admission to trading on the SIX Swiss Exchange.
The VISCHER Team was led by partners Dr. Markus Guggenbühl and Dr. Benedict F. Christ and included Dr. Peter Kühn and Janusz Marty.