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

Get in touch with Investor Relations

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
Phone: +41 44 212 73 77 
[email protected]