The bond issue was well received by investors, whose keen interest demonstrated that LLB enjoys an excellent reputation on the market. For Group CEO Gabriel Brenna the explanation for this is obvious: "With a tier 1 ratio of 19.2 per cent and equity capital totalling CHF 2.1 billion, LLB stands for security and stability. Furthermore, Moody's recent confirmation of our Aa2 deposits rating further underlines our financial strength." In explaining the reasons for the issue of the Senior Non-Preferred bond, Group CFO Christoph Reich said: "The bond issue enables the LLB Group to further improve its refinancing structure and to refinance future growth. At the same time, we are ensuring that we can comply with future regulatory requirements."

The term to maturity of the bond is 7 years, the yield on maturity amounts to 2.477 per cent. The bond will be quoted on the SIX market (ISIN: CH1306117040) from 22 November 2023 and will be traded on the secondary market.