pbb decides not to call AT1 bond

The decision not to refinance the AT1 Bond (ISIN:XS1808862657– “the Bond”) has been taken after careful evaluation of various factors, including market conditions and economic costs. 

The Bond will reset to a new fixed coupon being the equivalent of 5-year Euro Mid Swaps plus 5.383% from 28 April 2023 (as per the terms and conditions of the Bond).

For more details click here.