Media release

VP Bank successfully places Senior Non-Preferred bond in the capital market

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VP Bank AG has successfully placed a new Senior Non-Preferred bond in the capital market. The issue, amounting to CHF 130 million with a tenor of seven years, attracted strong investor demand.

The issuance volume of CHF 130 million was placed within a short period of time with a broadly diversified investor base. The bond carries a coupon of 1.85 per cent (yield of 1.8025 per cent) and has been assigned an A3 issue rating by Moody’s.

"The very positive response from investors reflects their confidence in VP Bank’s strategic direction, strong capitalisation and financial strength," said Roland Kläy, Chief Financial Officer of VP Bank Group. "The successful outcome of this transaction enables us to further diversify our funding base."

With this issuance, VP Bank strengthens its long-term funding structure. The transaction also supports the fulfilment of regulatory MREL requirements.

Roland Kläy

The successful outcome of this transaction enables us to further diversify our funding base.

Roland Kläy Chief Financial Officer
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