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.