USD Coco Bond IPO
Issuer: Julius Baer Group
Expected rating: Moody's Baa3
Tenor: Non call 7 perpetual
First call date: 12 September 2024
Indicative coupon: 5.50%
Coupon Reset: CMT 5 years rate + margin, reset every 5 years, non cumulative
Write down trigger event: A write down event shall occur if capital tier 1 ratio is less than 7%. Full permanent principal writer off upon occurence of a viability event.
Ccy: USD
Advance margin: 60%
Risk rating: High
Expected rating: Moody's Baa3
Tenor: Non call 7 perpetual
First call date: 12 September 2024
Indicative coupon: 5.50%
Coupon Reset: CMT 5 years rate + margin, reset every 5 years, non cumulative
Write down trigger event: A write down event shall occur if capital tier 1 ratio is less than 7%. Full permanent principal writer off upon occurence of a viability event.
Ccy: USD
Advance margin: 60%
Risk rating: High
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