Julius Baer has placed a S$450 million (US$318 million) perpetual Tier 1 subordinated bond issue in Singapore, becoming the first European bank that have done so in the city state. It is also the private bank’s first Additional T1 (ATI) funds outside of Switzerland. Solidifying the Swiss pure play’s capital level under the Basel III structure, the “transaction helps to optimise…
Have a confidential tip? Get in touch [email protected]