Cembra Opts Against Early Redemption of Additional Tier 1 Bond

Cembra Money Bank AG has announced it will not exercise the option for an early redemption of its Additional Tier 1 (AT1) bond as of the first call date on 15 November 2024. The bond, identified by ISIN: CH0485252784, will see its interest rate reset for the next five years. This adjustment will be based on the applicable five-year mid-market swap rate plus a margin of 2.5%, according to the bond's terms set out in July 2019.

Future redemptions of the AT1 bond can be decided annually on 15 November, pending a 30-day notice period and supervisory authority approval. Cembra evaluates bond redemptions based on market conditions, regulatory considerations, and internal capital planning.

For further information, investors can contact Marcus Händel, Head of Investor Relations & Sustainability, at +41 44 439 85 72 or via email at investor.relations@cembra.ch.