Bär & Karrer Advises Banque Cantonale de Genève on the Placement of CHF 135 Million Additional Tier 1 Subordinated Bonds
Banque Cantonale de Genève successfully completed the placement of CHF 135 million perpetual additional tier 1 subordinated bonds. The additional tier 1 subordinated bonds were issued at 100% of their nominal amount with an interest of 1.875%. Banque Cantonale de Genève, UBS AG, Bank Vontobel AG and Bank J. Safra Sarasin acted as Joint Lead Managers.
Bär & Karrer acted as transaction counsel to Banque Cantonale de Genève and the Joint Lead Managers on this transaction. The team included Rashid Bahar, Annette Weber and Arnaud Philippe (all Capital Markets) as well as Daniel Lehmann and Laurent Riedweg (both Tax).