LIECHTENSTEINISCHE LANDESBANK AG Media communiqué
LLB successfully issues bond in the amount of CHF 100 million
Vaduz, 4 September 2019. Today, Liechtensteinische Landesbank AG (LLB) successfully issued a fixed-interest bond in the amount of CHF 100 million. With its second successful launch this year, LLB is establishing a strong reference on the Swiss Franc bond market.
Like the LLB bond offering on 7 May 2019, this bond offering met with great demand from investors. The CHF 100 million launch shows that LLB enjoys an excellent reputation on the market.
"With a Tier 1 ratio of 19 percent and equity of CHF 2 billion, LLB stands for security and stability. Our Moody's rating of Aa2 underscores our financial strength. This has allowed us to very successfully conclude our second bond offering this year within a very short period of time," says Group CFO Christoph Reich. "The bond enables the LLB Group to take advantage of the currently very attractive market conditions to further optimise its refinancing structure."
The duration of the bond is ten years, with a yield to maturity of -0.160 percent. The bond will be listed on the SIX as of 27 September 2019 (ISIN: CH0419041527) and traded on the secondary market.
Important dates
- Thursday, 12 March 2020, Presentation of the 2019 Annual Result
- Friday, 8 May 2020, 28th Ordinary General Meeting of Shareholders
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