LLB announces successful Senior Non-Preferred bond issue
Vaduz, 7 November 2023. Liechtensteinische Landesbank (LLB) AG has carried out a fixed-interest bond issue amounting to CHF 150 million. With this successful placement, the bank has set a strong benchmark on the Swiss franc bond market.
The bond issue was well received by investors, whose keen interest demonstrated that LLB enjoys an excellent reputation on the market. For Group CEO Gabriel Brenna the explanation for this is obvious: "With a tier 1 ratio of 19.2 per cent and equity capital totalling CHF 2.1 billion, LLB stands for security and stability. Furthermore, Moody's recent confirmation of our Aa2 deposits rating further underlines our financial strength." In explaining the reasons for the issue of the Senior Non-Preferred bond, Group CFO Christoph Reich said: "The bond issue enables the LLB Group to further improve its refinancing structure and to refinance future growth. At the same time, we are ensuring that we can comply with future regulatory requirements."
The term to maturity of the bond is 7 years, the yield on maturity amounts to 2.477 per cent. The bond will be quoted on the SIX market (ISIN: CH1306117040) from 22 November 2023 and will be traded on the secondary market.
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company’s share capital is held by the Principality of Liechtenstein. LLB’s shares are listed on the SIX Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services as a universal bank, in private banking, asset management and fund services. With 1'168 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates. As per 30 June 2023, the business volume of the LLB Group stood at CHF 102.3 billion.
- 26 February 2024, presentation of the 2023 business result
- 19 April 2024, 32nd ordinary General Meeting of Shareholders
Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99