SWX:BAERCapital Markets
Is Julius Bär’s Call of its US$350m AT1 Bond Quietly Reframing the Case for (SWX:BAER)?
In March 2026, Julius Bär Gruppe AG announced it would exercise its option to redeem all outstanding Perpetual Tier 1 Subordinated Bonds (ISIN: XS2238020445), originally issued on 8 October 2020 with a 4.875% coupon and an aggregate nominal amount of US$350,000,000, at par plus accrued interest on the first call date of 8 April 2026.
This early redemption under condition 3(c) highlights Julius Bär’s active approach to capital structure management, reflecting how it balances funding costs,...