Supported by broad demand, Zürcher Kantonalbank issued a bail-in bond today in the amount of CHF 150 million with a coupon of 2.625%. The bail-in bond counts towards the gone concern capital which systemically important banks are required to hold for regulatory purposes and is assigned an instrument rating of Aa2 by the rating agency Moody's.
The issue price of the new bail-in bond is 100.055% and the settlement will be on November 1, 2023. The bail-in bond is traded under the ISIN CH1290222491 on the SIX Swiss Exchange. The first trading date is October 31, 2023.