Ratings and instruments

EFG International

EFG Bank

USD Additional Tier 1 Notes

On 18 January 2021, EFG International AG announced the successful placement of USD 400 million of subordinated Basel III compliant Additional Tier 1 notes.

The perpetual notes with a first call option in year 7, issued on 25 January 2021, bear annual interest of 5.50% for the first seven years and thereafter, the aggregate of the 5-yr USD CMT Rate plus 4.659% per annum with a reset every five years. They are subject, among other common features, a high CET 1 trigger leading to a partial or full permanent write-down. The notes are listed on SIX Swiss Exchange.

The proceeds of the issuance were used to fund the offer for the USD Tier 2 Notes and for general corporate purposes.

Bonds specifics

Issuer

EFG International 

ISIN

CH0593093229

Currency

USD

Nominal at issue date

400'000'000

Rank

Subordinated

Coupon

5.50% p.a. - for the first seven years

First interest payment date

24 March

Issue date

25 January 2021

Maturity

None

First reset

25 January 2028
Bonds specifics
Issuer

  • EFG International 

ISIN

  • CH0593093229

Rank

  • Subordinated

Coupon

  • 5.50% p.a. - for the first seven years

Issue date

  • 25 January 2021

First reset

  • 25 January 2028

EFG Bank AG - Full year results

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If you are an investor or financial analyst and you have any questions related to Investor Relations please get in touch with us.

Head of Investor Relations
Jens Brueckner
Phone: +41 44 226 17 99

Investor Relations