LLB has successfully issued a bond worth 200 million CHF, attracting significant interest from investors, reflecting the bank's strong market reputation.
The demand for the bond is attributed to LLB's robust financial standing, highlighted by a Tier 1 ratio of 19.7 percent and equity of CHF 2.3 billion. The recent confirmation of a Moody's deposit rating of Aa2 further emphasizes the institution's security and stability.
The bond issuance aims to enhance the LLB Group's financing structure and support growth refinancing. The bond has a ten-year term and a yield to maturity of 1.552 percent. It will be listed on the SIX exchange starting October 29, 2024, with the ISIN CH1380910237, and will be available for trading on the secondary market.