LLB successfully issues bond in the amount of CHF 150 million
Vaduz, 7 May 2019. Today, the Liechtensteinische Landesbank AG (LLB) successfully issued a fixed-interest bond in the amount of CHF 150 million. With the launch of this bond, the LLB is raising money on the capital market for the first time since 2006.
The bond offering met with brisk demand from investors and was significantly oversubscribed. The CHF 150 million launch shows that the LLB enjoys an excellent reputation on the market.
"Its excellent rating as well as stability and security with a Tier 1 ratio of 19 percent and equity of CHF 2 billion have enabled the LLB to very successfully conclude its first issue after more than ten years within a very short period of time," says Group CFO Christoph Reich. "The bond enables the LLB to take advantage of the current favourable market conditions to optimise its refinancing structure and open up new investor segments."
The duration of the bond is 7 years, with a yield to maturity of 0.07 percent. The bond will be listed on the SIX as of 27 May 2019 (ISIN: CH0419041204) and traded on the secondary market.
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company's share capital is held by the Principality of Liechtenstein. LLB's shares are listed on the SIX (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, in asset management and fund services. With 1'092 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 30 June 2019, the business volume of the LLB Group stood at CHF 85.6 billion.
- 12 March 2020, Presentation of the 2019 Annual Result
- 8 May 2020, 28th Ordinary General Meeting of Shareholders
Dr. Cyrill Sele
Head of Group Corporate Communications & General Secretary
Telephone +423 236 80 99