LLB has successfully issued a CHF 200 million fixed-interest bond, which has attracted significant interest from investors due to the bank's strong reputation in the financial market.
The CEO attributes this demand to the bank's solid financial standing, including a Tier 1 capital ratio of 19.7 percent and total equity of CHF 2.3 billion. The recent affirmation of a Moody's deposit rating of Aa2 further emphasizes LLB's financial strength.
The bond has a maturity term of ten years and offers a yield to maturity of 1.552 percent. It will be listed on the Swiss Exchange starting October 29, 2024, and will be available for trading on the secondary market.
This issuance enhances LLB's financing structure and supports its growth plans. LLB aims to maintain a strong financial foundation while pursuing expansion opportunities. The issuance of the bond is part of LLB's strategy to strengthen its financing capabilities.
With a business volume of CHF 109.9 billion, the bank is well-positioned for future growth. LLB's strong credit rating and favorable bond terms are expected to attract a diverse range of investors.
The bank has also outlined key upcoming dates, including the publication of annual results on February 21, 2025, and the Annual General Meeting on April 16, 2025. These events will provide further insights into LLB's performance and strategic direction.
LLB has a legacy of trust and stability, with majority ownership by the Principality of Liechtenstein. The bank operates across multiple jurisdictions and specializes in private banking, asset management, and fund services. LLB's focus on providing high-quality financial services has positioned it as a leader in the industry.
The recent bond issuance demonstrates LLB's commitment to enhancing its financial offerings while maintaining a strong reputation for security and reliability.