EFG Bank AG successfully closed the issuance of CHF 340m dual-tranche senior unsecured bonds

Niederer Kraft Frey has advised Swiss global private banking group EFG International with respect to EFG Bank’s offering and issuance of dual-tranche senior unsecured bonds.

EFG Bank successfully closed the issuance of CHF 340 dual-tranche domestic senior unsecured bonds comprising of CHF 175 million with a 3-year maturity and a fixed annual coupon of 1.13 percent and CHF 165 million with 6-year maturity and a fixed coupon of 1.45 percent with Swiss investors. The bonds are listed on SIX Swiss Exchange and are expected to be included in the domestic segment of the Swiss Bond Index (SBI). The transaction follows EFG Bank’s successful inaugural placement and issuance in June 2024 of CHF 370 million dual-tranche senior unsecured bonds comprising of CHF 230 million with a 3-year maturity and CHF 140 million with a 6-year maturity.

Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch and UBS Investment Bank acted as Joint Lead Managers.

The NKF team was led by Capital Markets partner Daniel Bono and included partner Philippe Weber, senior associate Giulia Ghezzi and associate Manuel Hirlinger (all Capital Markets).