Issuance of USD 400 million of 7.5% Perpetual Tier 1 Subordinated Contingent Convertible Bonds by Julius Baer Group Ltd.

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On 19 February 2025, Julius Baer Group Ltd. successfully issued USD 400 million of 7.5% Perpetual Tier 1 Subordinated Contingent Convertible Bonds (Tier 1 CoCos).

The Tier 1 CoCos and all transaction documents are governed by Swiss law. If a trigger event occurs and is continuing on the relevant subsequent trigger test date or if a viability event has occurred, a contingent conversion of the Tier 1 CoCos will occur on the relevant conversion settlement date into shares of Julius Baer Group Ltd. issued out of its conversion capital introduced by the shareholders at the occasion of the annual shareholders meeting in 2024. The Tier 1 CoCos feature a denomination of USD 200,000 each. The Tier 1 CoCos have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing, on the SIX Swiss Exchange.

Goldman Sachs International acted as Lead Manager and Zürcher Kantonalbank as Co-Manager.

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