BAERVX 5.750% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

Julius Baer Group Ltd

Indicative

Full Lot

Bid Price

99.969

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.065

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 22 Apr 2022, 12:00am

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Bond Information

Julius Baer Group Ltd. offers private banking services. The Bank advises on wealth management, financial planning, and investments, as well as offers mortgage and other lending, foreign exchange, securities trading, custody and execution services.

Bond Issuer

Julius Baer Group Ltd

Guarantor

Announcement Date

13 Oct 2016

Issue Date

20 Oct 2016

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.750

Coupon Type

Variable

Annual Coupon Rate

5.750

Coupon Frequency

Semi Annually

Seniority

Junior Subordinated

Capital Structure

Junior Subordinated

Reference Rate

Reset Rate = 5Y SOR + Initial Margin (3.915%)
Reset date = 20 April 2022 and every 5Y thereafter

ISIN

XS1502435727

CUSIP

QZ8540614

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

325,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Loss Absorption

If a Contingent Write-down has not previously occurred and a Write–down Trigger Event has occurred and is continuing on the relevant Subsequent Trigger Test Date, the claims of the Holders against the Issuer to receive repayment of the Original Notional Amount on the Redemption Date (if any) shall be reduced by the relevant Write–down Amount (as set out in Condition 8(c)) with effect as of the relevant Write-down Date

A "Write–down Trigger Event" shall occur on the Business Day following the publication of a Relevant Report (an "Initial Trigger Test Date") if the CET1 Ratio as per the relevant Cut-off Date of such Relevant Report is less than the Write–down Threshold Ratio (7%) and the Issuer delivers to the Principal Paying Agent within five (5) Business Days from the Initial Trigger Test Date a certificate signed by two Authorised Signatories certifying that the CET1 Ratio as per the Cut-off Date of such Relevant Report is less than the Write-down Threshold Ratio.

Deferral Interest Payment

Mandatory Interest Cancellation

The Issuer shall be prohibited from making any payment of interest on the 2016 Tier 1 Bonds otherwise scheduled to be paid on the relevant Interest Payment Date or the Redemption Date (if any) to the extent that on such Interest Payment Date or Redemption Date:
- the amount of such interest otherwise due, together with (x) any interest payments or distributions paid or made, or scheduled to be paid or made, during the Relevant Period on Parity Securities, and (y) any Distributions paid or made, or scheduled to be paid or made, during the Relevant Period with respect to the financial year ended immediately prior to such Interest Payment Date or Redemption Date, shall exceed the amount of Distributable Items as at suchInterest Payment Date or Redemption Date; or
- the Issuer is prohibited, by National Regulations or an order of the Regulator, from declaring or making any distributions or other payments, in whole or in part, on, or relating to, the 2016 Tier 1 Bonds or any Parity Securities.

Dividend Stopper

If, on any Interest Payment Date, payment of interest scheduled to be made on such date is not made in full on the Prevailing Notional Amount by reason of Condition 2(b) or 2(c):
- The Board of Directors of the Issuer shall not directly or indirectly recommend to the shareholders of the Issuer that any Distribution (other than in the form of Ordinary Shares or other capital stock) be paid or made on any Ordinary Shares or other capital stock of the Issuer;
- The Issuer shall not directly or indirectly redeem, purchase or otherwise acquire any Ordinary Shares or other capital stock of the Issuer,

Issuer Call

First Call Date = Year 5.5 (20 April 2022)

Conditions to Redemptions

Any redemption or purchase of the 2016 Tier 1 Bonds under these Conditions, other than a redemption following a Regulatory Event, is subject to: (i) the prior approval of the Regulator, if then required; (ii) as at the Redemption Notice Date and the Redemption Date (or as applicable, the date of purchase), neither a Write–down Trigger Event having occurred and being continuing nor a Viability Event having occurred; and (iii) the Issuer’s Group, both at the time of, and immediately following the redemption or purchase

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