LLB issues bond
The Liechtensteinische Landesbank (LLB) has successfully issued a bond with a volume of 100 million Swiss francs. The fixed-interest placement has a maturity of ten years.
The new bond from LLB will be listed on the SIX as of 27 September 2019 and traded on the secondary market, as was reported in a press release. The yield to maturity is -0.160 percent. This bond met with great demand from investors, as was the case for LLB’s previous offering on 7 May 2019. The launch of 100 million francs “shows that LLB enjoys an excellent reputation on the market”.
According to Group CFO Christoph Reich, the very attractive market conditions at present enable LLB to further optimize its refinancing structure. “With a Tier 1 ratio of 19 percent and equity of 2 billion francs, 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,” he adds.