Zürcher Kantonalbank launched a EUR 500 million bail-in bond
Press release from 1 June 2023
Supported by broad demand, Zürcher Kantonalbank has today issued a bail-in bond in the amount of EUR 500 million and with a coupon of 4.156%. 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% and the settlement will be on 08.06.2023. The bail-in bond is traded under the ISIN CH1266847149 on the SIX Swiss Exchange. The first trading date is 07.06.2023.