NKF advised Swiss global private banking group EFG International

Niederer Kraft Frey has advised Swiss global private banking group EFG International on its successful placement and issuance of USD 400 million inaugural perpetual Additional Tier 1 bonds. The AT1 bonds, which were issued at par, carry a coupon of 5.5 per cent. for the first seven years, after which a redemption option can be exercised. The AT1 bonds are listed on SIX Swiss Exchange. After a short book-building process the order book exceeded USD 4.7 billion.

NKF has also advised EFG International on the cash tender offer by its subsidiary EFG International Guernsey for its outstanding USD 400 million Tier 2 Resettable Subordinated Notes. The cash tender offer was conditional upon the successful issuance of the AT1 bonds. USD 202 million in Tier 2 bonds were tendered for purchase in the tender offer.

The team 

The NKF team was led by Capital Markets partners Daniel Bono (pictured) and Philippe Weber, working with of counsel Christoph Balsiger, senior associates Giulia Ghezzi (both Capital Markets), partner Markus Kronauer and senior associate Sven Kälin (both Tax).

 

NKF advised Swiss global private banking group EFG International

FabioAdmin

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram