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13. Juni 2024

EFG Bank AG successfully places debut CHF 370 million dual-tranche domestic senior unsecured bonds

EFG International AG is today announcing that its fully owned subsidiary EFG Bank AG has successfully placed dual-tranche domestic senior unsecured bonds with Swiss investors: CHF 230 million due in 2027 and CHF 140 million due in 2030. The proceeds of the transaction will be used for general corporate purposes.

The instruments carry a fixed-rate, annually payable coupon set at 1.995% per annum for the bonds due in 2027 and at 2.1575% per annum for the bonds due in 2030. Both tranches of bonds have been issued in Swiss standard denominations of CHF 5,000 and multiples thereof. An application for provisional admission to trading on SIX Swiss Exchange will be made. The bonds are expected to be included in the domestic segment of the Swiss Bond Index (SBI).

Important disclaimer

The information in this release is for informational purposes only and is neither an offer of the securities discussed herein for sale nor the solicitation of an offer to buy the securities discussed herein. Subject to certain exceptions, the securities referred to herein may not be offered or sold within the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act) or offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national resident or citizen of Australia, Canada or Japan or in any other jurisdiction where such offer and sale would be unlawful.

This document has been prepared by EFG International AG (“EFG”) solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG.

This release contains specific forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “seek”, “plan”, “predict”, “continue” and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.