Banque Cantonale de Geneve : Early redemption of the 2014 AT1 bond

Press release

Redemption of subordinated bond

BCGE - Early redemption of the 2014 AT1 bond

Geneva, 16 December 2019 - Banque Cantonale de Genève will redeem its 2014 AT1 bond on 4 February 2020

In accordance with section 3(c) of the terms and conditions of the bond, the Banque Cantonale de Genève (BCGE) will redeem its Additional Tier 1 (AT1) perpetual bond of CHF 110 million issued in 2014, at its own initiative and at the first possible maturity, namely 4 February 2020. The redemption amount will correspond to the nominal value of the CHF 110 million bond plus the last annual coupon of 2.875%.

ISIN: CH0245691552

Security number: 24.569.155

For further information, please contact:

BCGE Interest Rate desk: [phone] - [e-mail]

Lydia Albrecht, BCGE Spokesperson: [phone] - [e-mail]

Grégory Jaquet, Deputy BCGE Spokesperson: [phone] - [e-mail]

Banque Cantonale de Genève	Website: www.bcge.ch
P.O. Box 2251
Tel. [phone]
1211 Geneva 2	Fax [phone]

This press release is sent outside the trading hours of the Swiss Stock Exchange (SIX), in order to comply with the ad hoc publicity rules under the Stock Exchange's listing regulations. The information takes into account the situation as at the date indicated in the header of this release.

BCGE: Banking solutions made in Geneva

A universal bank since 1816, the BCGE provides high-quality banking services for private, business and institutional clients in Geneva and its surrounding area. BCGE develops the following business lines: everyday banking services, private banking, asset management, investment funds, pension planning, mortgages and lending to the private and public sectors. It runs a trading room and offers financial engineering, business valuation and transmission, private equity and trade finance services. The BCGE Group has 21 branches in Geneva and operates a number of its business lines in Lausanne, Zurich, Basel, Lyon, Annecy. It has representative offices in Dubai and Hong Kong. It employs 811 people (of whom 761 are full-time equivalents, as at 31 December 2018). BCGE is listed on the Swiss stock exchange, SIX Swiss Exchange (security no. 35 049 471) and is rated A+/stable/A-1 by Standard & Poor's (S&P).