| Moody's | Fitch |
|---|---|
|
Short term: P1 |
Short term: F1 |
|
Long term: A3 |
Long term: A |
|
Outlook: stable |
Outlook: stable |
Fitch
Short term: F1
Fitch
Long term: A
Fitch
Outlook: stable
| Moody's | Fitch |
|---|---|
|
Short term: P1 |
Short term: F1 |
|
Long term: Aa3 |
Long term: A |
|
Outlook: stable |
Outlook: stable |
Fitch
Short term: F1
Fitch
Long term: A
Fitch
Outlook: stable
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.
|
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 |
EFG International
CH0593093229
USD
400'000'000
Subordinated
5.50% p.a. - for the first seven years
24 March
25 January 2021
None
25 January 2028
| Document | Download |
|---|---|
| Annual Report 2024 | |
| Annual Report 2023 | |
| Annual Report 2022 |
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