Julius Baer in Asia's first high trigger AT1 deal

Swiss wealth manager completes the first AT1 issue by a foreign bank in Singapore dollars.

Julius Baer in Asia's first high trigger AT1 deal

Swiss wealth manager Julius Baer notched up a number of firsts when it accessed the Singapore dollar bond market on Wednesday with an S$450 million $317 million perpetual, non-call five, Additional Tier 1 AT1 bank capital deal. 

The Baa2 rated, Basel III-compliant transaction not only marks the first AT1 issue by a foreign bank in Singapore dollars but also represents the first high trigger bank capital deal across the wider Asian...

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