Successful Placement of CHF 110 Million 2.875% Perpetual Additional Tier 1 Subordinated Bonds by Banque Cantonale de Genève
Banque Cantonale de Genève successfully completed the placement of CHF 110 million 2.875% Perpetual Additional Tier 1 Subordinated Bonds. The Bonds carry the lowest ever coupon for a Tier 1 bond issue in the CHF market. UBS AG, Zürcher Kantonalbank and Banque Cantonale de Genève acted as Joint Lead Managers.
Bär & Karrer acted as legal transaction counsel to Banque Cantonale de Genève and the Joint Lead Managers on the issuance and placement of the Bonds. The team included Rashid Bahar, Thomas U. Reutter, Annette Weber, Lara Kopp and Rebecca Schori (all Capital Markets) as well as Daniel Lehmann, Raphael Annasohn and Michael Abegg (all Tax).