VP Bank Ltd successfully issues a CHF 155 million bond
VP Bank Ltd today successfully issued its first senior non-preferred bond with a total volume of CHF 155 million and a maturity of 10 years.
The issue was very well received by investors and demonstrates the excellent reputation of VP Bank Ltd on the Swiss capital market. It bears interest at a rate of 0.60 percent (yield of 0.565 percent) and was rated A- by Standard & Poor's. The settlement date of the bond will be 29 November 2019.
Siegbert Näscher, CFO of VP Bank Group, is pleased with the successful transaction: "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. With this bond we optimise our refinancing structure and create eligible liabilities in view of future MREL requirements".