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Julius Baer Group Ltd ( (CH:BAER) ) just unveiled an announcement.
Julius Baer has raised CHF 500 million in the Swiss bond market via Bank Julius Baer & Co. Ltd., issuing dual-tranche senior unsecured bonds of CHF 250 million each, maturing in 2029 and 2032. The bonds, carrying fixed annual coupons of 1.05% and 1.40% respectively, are aimed at general corporate purposes and are expected to be admitted to trading on SIX Swiss Exchange and included in the Swiss Bond Index, broadening the group’s funding base and enhancing its presence in the domestic capital market.
The most recent analyst rating on (CH:BAER) stock is a Sell with a CHF58.00 price target. To see the full list of analyst forecasts on Julius Baer Group Ltd stock, see the CH:BAER Stock Forecast page.
More about Julius Baer Group Ltd
Julius Baer Group Ltd. is a leading Swiss wealth management group focused on advising sophisticated private clients worldwide. Through its principal operating company, Bank Julius Baer & Co. Ltd., the group manages CHF 521 billion in assets, operates in about 25 countries and 60 locations, and is listed on the SIX Swiss Exchange as part of the Swiss Leader Index.
Average Trading Volume: 548,004
Technical Sentiment Signal: Strong Buy
Current Market Cap: CHF12.7B
For detailed information about BAER stock, go to TipRanks’ Stock Analysis page.