UPDATE (BOOKS): Julius Baer Group €500m WNG 5yr Sr Unsec; MS+130a
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
IPT
Julius Baer Group
5yr
16-Jun-31
€500m WNG
Sr Unsec
Fixed
MS+130a
Books: in excess of €1.25bn
IPTs: 5yr: MS+130a
Issuer of Loan Notes: Julius Baer Group Ltd. (Ticker: BAERVX)
Loan Notes Issuer LEI: 5299007MF0604ZGJER92
Issuer of ELM Notes: ELM B.V.
ELM Notes Issuer LEI: 724500DHUNQ9NF3A7D24
Issuer Ratings: Baa1 (Moody’s)
Expected Issue Ratings: Baa1 (Moody’s)
Format: Reg S Registered Notes
Ranking: Senior Unsecured
Type: 5-year Fixed Rate Notes
Title: EUR 500m WNG [•] per cent. Senior Unsecured Fixed Rate Notes due 2031 secured by Fixed Rate Senior Unsecured Loan Notes due 2031 by Julius Baer Group Ltd.
Size: €500,000,000 (WNG)
Pricing Date: 09-Jun-26
Settle: 16-Jun-26 (T+5)
Maturity Date: 16-Jun-31
IPTs: MS+130bp area
Interest Payment Dates: Payable annually in arrear on 16-Jun in each year, commencing on 16-Jun-27.
Day Count: Act/Act ICMA
Business Day Convention: Following unadjusted
Business Days: T2, London and Zurich Business Days
Final Redemption: 100% of the aggregate principal amount of the Notes
Documentation: Final Series Memorandum – Preliminary Series Memorandum dated 09-Jun-26
Use of Proceeds: General corporate purposes
Denominations: €100,000
Governing Law: Swiss Law (Loan Notes), English Law (ELM Notes)
Listing: Euronext Dublin for the ELM Notes; the Loan Notes will not be listed
ISIN: XS3397091573
Product Governance: The manufacturer target market (EU MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as not available to retail in EEA or UK
Selling Restrictions: US (Reg S only. Not 144A eligible), EEA, UK, The Netherlands, Switzerland (no public offer), Hong Kong, Italy, Belgium, Singapore. The ELM Notes may only ever be sold, re-sold or otherwise transferred to non-US Persons under Reg S., in each case as further described in the Final Series Memorandum.
Stabilisation: FCA/ICMA
Joint Bookrunners: BNP Paribas, BofA Securities, Deutsche Bank and UBS Investment Bank