04.04.2024 – Valiant places new covered bonds


Valiant places new covered bonds

On 4 April 2024 Valiant issued CHF 400 million of new covered bonds.

Working with Zürcher Kantonalbank, Valiant has successfully launched a new mortgage-backed bond. The new series has a term of 8 years and a coupon of 1.55%. Rating agency Moody’s is likely to award the bond an Aaa rating.

The new series yields 1.528% and will be traded on SIX from 22 April 2024. Along with customer deposits and central mortgage institution loans, covered bonds form the third pillar of funding for Valiant.

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