on Liechtensteinische Landesbank / LLB (isin : LI0355147575)
LLB Issues CHF 200 Million Bond Amid Strong Investor Demand
Liechtensteinische Landesbank (LLB) AG has issued a fixed-interest bond valued at CHF 200 million. The demand among investors was significant, reflecting LLB's solid market reputation. Group CEO Gabriel Brenna attributes this to LLB's security and stability, backed by a Tier 1 ratio of 19.7 per cent and equity capital of CHF 2.3 billion. Recently, Moody's affirmed the bank's deposit rating at Aa2.
Group CFO Christoph Reich stated that the bond issuance will strengthen LLB Group's financing structure and facilitate future growth. The bond, maturing in ten years, offers a yield of 1.552 per cent and will be listed on the SIX exchange starting 29 October 2024.
R. P.
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