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.