{
}
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
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
efg bank issues two bonds raising 340 million swiss francs
16:43 28.02.2025
efg bank issues two bond tranches raising 340 million swiss francs
15:08 20.02.2025
efg bank issues two bond tranches totaling 340 million swiss francs
13:33 20.02.2025
efg bank issues two bond tranches raising 340 million swiss francs
13:29 20.02.2025
efg bank accelerates growth with major team acquisition from vp bank
Euro
United States Dollar
Julius Bär Gruppe AG
VP Bank AG
Bank Vontobel Ltd.
EFG Bank AG
Collardi Bank
GRC
CHE
LIE
Giorgio Pradelli
Boris Collardi
Show more
07:36 01.11.2024
moody's upgrades efg ratings outlook to stable reflecting strong capitalization and profitability
20:55 24.10.2024
efg bank appoints dr urs buchmann and ashish gumashta to advisory board
United States Dollar
Indian Rupee
Japanese Yen
Singapore Dollar
Julius Bär Gruppe AG
Credit Suisse Anlagestiftung
EFG Bank AG
Motilal Oswal Finvest Ltd.
SGP
MNG
BGD
VNM
JPN
IND
THA
HKG
Dr. Urs Buchmann
Ashish Gumashta
Show more
08:28 16.10.2024
efg bank enhances asia advisory board with new appointments
Indian Rupee
United States Dollar
Singapore Dollar
Vietnamese Đồng
Japanese Yen
Motilal Oswal Finvest Ltd.
Julius Bär Gruppe AG
EFG Bank AG
Credit Suisse Anlagestiftung
HKG
JPN
SGP
VNM
THA
BGD
IND
MNG
Ashish Gumashta
Urs Buchmann
Alexander Classen
Boris Collardi
Show more
08:10 16.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Retail and Consumer Goods
Stock Market Updates
Supply Chain Management
Government Economic Policies
Fintech Startups
Industry Mergers & Acquisitions
Venture Capital Investments
Private Equity Deals
CEO Changes
AI Applications
Funding Rounds & Investments
Economic Indicators
Emerging Startups
Corporate Social Responsibility
AI Innovations
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
Grab2Go AS
Google Inc.
OLA ELECTRIC MOBILITY LTD
NVIDIA Corp
Amazon.com, Inc.
Microsoft Corporation
EFG Hermes Egypt
Broadcom Inc.
The Goldman Sachs Group, Inc.
XIAOMI-W
Tesla, Inc.
LG CNS
Delhivery Limited
Ecom Express Ltd.
Scripbox.COM India Ltd.
SK hynix Inc.
Tesmec S.p.A.
OpenAI ERC USD
FTSE NASDAQ Dubai UAE 20 Index
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
United Arab Emirates Dirham
South Korean Won
Pakistani Rupee
Egyptian Pound
Saudi Riyal
Brazilian Real
Qatari Riyal
Indonesian Rupiah
Vietnamese Đồng
Hong Kong Dollar
Offshore Chinese Yuan
Canadian Dollar
Malaysian Ringgit
People: