EFG International $400 million Tier 2 resettable subordinated notes issue

Overview:

• Private banking group EFG International has completed the $400 million issue of Tier 2 resettable subordinated notes due 2027, through subsidiary EFG International (Guernsey).
• The notes were listed on the SIX Swiss Exchange.
• Citigroup Global Markets, Credit Suisse Securities (Europe) and DBS Bank served as lead managers.
• The notes feature a 10-year final maturity and a coupon of 5% for the first five years.
• EFG recently completed its SFr1.06 billion acquisition of BSI.

Jon Moore - Journalist