Bank AG successfully places CHF 270 million domestic senior unsecured bonds

EFG International AG is today announcing that its fully owned subsidiary EFG Bank AG has successfully placed two domestic senior unsecured bonds with Swiss investors: CHF 140 million by reopening the existing instrument due in 2029 and a new CHF 130 million bond due in 2032, complementing the outstanding instruments. The proceeds of the transaction will be used for general corporate purposes.

The reopening of the 2029 bond occurred at a reoffer yield of 0.9625% per annum and the new instrument due in 2032 at 1.2350% per annum, which represent the lowest spreads ever achieved by EFG. Both 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).