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Julius Baer's maiden Singdollar perpetual bonds snapped up

Private bank clients drive order books of S$1.8b; issue's high yield in context of Sing$ bond market a major draw

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The logo of Swiss private bank Julius Baer is pictured on the company's branch in Lausanne in this Nov 13, 2014.

Singapore

SWISS bank Julius Baer's maiden issue of S$450 million Basel III-compliant perpetual Additional Tier 1 (AT1) bonds has been snapped up.

Launched on Wednesday, orders reached in excess of S$1.8 billion.

Consequently, the perpetual bonds were finally priced at 5.9

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