The City of St. Gallen has successfully issued a bond worth CHF 100 million, which is managed by Raiffeisen and Zürcher Kantonalbank.
The bond has a coupon rate of 1.06% and an issue price of 100.164%. It has a term of 27 years and will mature on October 30, 2051.
Investors can expect a yield of 1.053% and an actuarial margin of +41 basis points. The bond has been given a credit rating of AA-/AA- by Zürcher Kantonalbank and UBS, indicating a strong credit quality.
Trading for this bond will begin on the SIX Swiss Exchange on October 28, 2024, with the value identifier CH1353015097.