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EFG Bank has successfully issued a CHF 125 million bond with a four-year term, maturing on June 18, 2029, and a coupon rate of 0.9625%. The bond, rated Aa3 by Moody's and A by Fitch, reflects strong investor confidence and will be listed on the SIX Swiss Exchange starting June 16, 2025. This move aims to optimize EFG's capital structure amid stable market conditions.
EFG Bank AG is set to issue a bond worth CHF 125 million, managed by Raiffeisen Switzerland, with a coupon rate of 0.9625%. The bond will mature in four years on June 18, 2029, and is rated Aa3/A by Moody's and Fitch. It will be listed on SIX starting June 16, 2025.
EFG Bank AG is issuing two bonds totaling CHF 340 million, managed by Deutsche Bank and UBS. The first tranche of CHF 175 million has a coupon of 1.130% and matures in three years, while the second tranche of CHF 165 million offers a coupon of 1.4475% with a six-year maturity. Proceeds will be used for general corporate purposes.
EFG Bank AG is issuing two bonds totaling CHF 340 million, managed by Deutsche Bank and UBS. The first tranche of CHF 175 million has a coupon of 1.130% and matures in three years, while the second tranche of CHF 165 million offers a coupon of 1.4475% with a six-year maturity. Both tranches will be listed on SIX starting March 5, 2025.
EFG Bank AG is issuing two bond tranches totaling CHF 340 million, managed by Deutsche Bank and UBS. The first tranche of CHF 175 million has a coupon of 1.130% and matures in three years, while the second tranche of CHF 165 million offers a coupon of 1.4475% with a six-year maturity. Both tranches carry a Moody's rating of A2.
EFG Bank AG is issuing two bonds totaling CHF 340 million, managed by Deutsche Bank and UBS. The first tranche of CHF 175 million has a coupon of 1.130% and matures in three years, while the second tranche of CHF 165 million offers a coupon of 1.4475% with a six-year maturity. Both tranches will be listed on SIX starting March 5, 2025.
VP Bank is experiencing a significant loss of experienced advisors, with 10 client advisors and 3 assistants moving to EFG, potentially transferring over $2 billion in client assets. EFG, led by CEO Giorgio Pradelli and Board member Boris Collardi, aims to establish itself as a leading private bank in Zurich amid ongoing consolidation in the sector. Collardi's strategic moves, including a stake in EFG and past successes, position the bank for substantial growth.
Moody's has upgraded EFG's deposit rating to "Aa3" from "A1" and the senior unsecured debt rating to "A2" from "A3," reflecting improvements in the bank's capitalization and profitability. EFG is well-positioned to manage reputational, legal, and market risks effectively.
EFG Bank AG has appointed Dr. Urs Buchmann as Vice Chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. With extensive experience in Greater China and the Indian market, respectively, they will guide the bank's growth strategy in the Asia Pacific region. EFG's leadership expressed confidence in their ability to enhance the bank's offerings and capitalize on emerging opportunities.
EFG Bank AG has appointed Dr. Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. Buchmann brings over 30 years of experience in Greater China, while Gumashta has a strong focus on the Indian market. Their expertise is expected to enhance EFG's growth strategy in the region.
EFG Bank AG
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