VP Bank successfully issues a bond
VP Bank has successfully issued its first senior non-preferred bond. It has a maturity of 10 years and a volume of 155 million Swiss francs.
Back to overview
The first senior non-preferred bond was very well received by investors, reported VP Bank in a statement. This “demonstrates the excellent reputation of VP Bank Ltd on the Swiss capital market”, continues the bank. The bond bears interest at a rate of 0.6 per cent, with a yield of 0.565 per cent for investors.
Standard & Poor's rated the bond A-. "Our very good capitalisation with a CET1 ratio of 19.7 percent and the solid "A" issuer rating from Standard & Poor's underscore our financial strength and were convincing arguments for investors,” commented Siegbert Näscher, CFO of VP Bank Group. “With this bond we optimise our refinancing structure and create eligible liabilities in view of future MREL requirements.”