Julius Baer returns to AT1 with new bookrunner
Julius Baer returned to the dollar additional tier one (AT1) market on Tuesday, having pulled a transaction last week. It changed bookrunners, shortened its call period and offered a higher coupon to get its deal away this time.
Julius Baer attempted the sale of a perpetual non-call seven year AT1 last Monday.
But the Swiss private bank ended up pulling its deal from the market, with issuance conditions having deteriorated amid a series of gloomy headlines.The issuer had a second go at ...