27 June 2018 I Deals and Cases

Bär & Karrer Advises Vontobel on the Placement of CHF 450 Million Tier 1 Bonds to fund the acquisition of Notenstein La Roche

Vontobel Holding AG successfully completed the placement of CHF 450 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 2.625% until 2023. The proceeds of this capital market transaction will be mainly used to finance the acquisition of Notenstein La Roche Private Bank.

Credit Suisse AG and Bank Vontobel AG acted as Joint Lead Managers and Raiffeisen Switzerland Cooperative as Manager.

Bär & Karrer advises Vontobel on this transaction. The team included Thomas U. Reutter, Sandro Fehlmann and Manuela Cassano (all Capital Markets), Rashid Bahar and Roland Truffer (both Regulatory) as well as Susanne Schreiber and Caroline Ruggli (both Tax).