on Bank Cler AG (isin : CH0373476040)
Banque Cler terminates its 2020 Additional Tier 1 obligation
Banque Cler has announced the termination of its Additional Tier 1 (AT1) bond issued in 2020. It will be repaid on November 25, 2025, including interest due, in accordance with the terms of issue.
The CHF 90 million bond has received FINMA approval for termination. This decision is based on a high and stable Common Equity Tier 1 (CET1) ratio, ensuring coverage above the strategic target of 17% and the regulatory threshold of 13.9% set for 2022-2025.
The repayment will be offset by increased internal financing, providing the bank with solid equity to maintain its strategic positioning.
R. P.
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