NEW ISSUE: Banque Cantonale de Genève €500m WNG 5yr Sr Unsec; MS+90a
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
IPT
ISIN
Banque Cantonale de Genève
5yr
07-Jul-31
€500m (WNG)
Sr Unsec
Fixed
MS+90a
CH1578978947
IPTs: 5yr: MS+90a
Issuer:Banque Cantonale de Genève (Ticker: BCG)
Issuer LEI: 549300ZEFUWWFTP7BA50
Issuer ratings: AA- (stable) by S&P
Expected instr. ratings: AA- by S&P
Format: The Bonds will be issued as uncertificated securities (Wertrechte) in accordance with article 973c of the Swiss Code of Obligations, as amended, which will be registered in the main register (Hauptregister) of SIX SIS Ltd. ("SIX SIS"). Neither the Issuer, nor any Bondholder will at any time have the right to effect or demand the conversion of the uncertificated securities into, or the delivery of, a permanent global certificate (Globalurkunde auf Dauer) or individually certificated securities (Wertpapiere).
Ranking: The Bonds will constitute direct, unconditional, unsubordinated and unsecured obligations of the Issuer, as provided in the Terms of the Bonds.
Settle: 07-Jul-26 (T+5)
Maturity Date: 07-Jul-31
Tenor: 5-years
IPTs: MS +90bps area
Size: €500 million (WNG)
Interest Rate (Coupon): The Bonds bear interest from 07-Jul-27 (first Interest Payment Date) at the fixed rate of [•]% per annum
Interest Payment Dates: Payable annually in arrear on 07-Jul of each year, commencing on 07-Jul-27
Day Count Convention: ACT/ACT ICMA
Business Day Convention: Following unadjusted
Business Days: T2, SIX SIS
Documentation: Standalone EUR documentation. The Prospectus will only be submitted for review to a competent Swiss Review Body pursuant to Art. 52 FinSA after the offering has been completed.
Early Redemption: The Bonds may be redeemed early in whole, but not in part, at par, plus accrued interest, if any, if Bonds representing eighty-five (85) per cent or more of the aggregate principal amount of the Bonds have been redeemed or purchased and cancelled, as further described in the Terms of the Bonds.
Swiss Withholding Tax: Applicable
Use of proceeds: General business purposes
Product Governance: Manufacturer Target Market (EU MiFID II): professional clients and eligible counterparties only (all distribution channels). No EU PRIIPs key information document (KID) and no UK disclosure document required by DISC have been prepared as not available to retail in EEA or UK.
Sales Restrictions: The Bonds are subject to restrictions on their offering, sale, delivery and transfer both generally and specifically in the United States and to U.S. persons, the European Economic Area, and the United Kingdom