18.08.2021 - Valiant places new covered bonds


Valiant places new covered bonds

Today, 18 August 2021, Valiant Bank issued new covered bonds in the amount of CHF 115 million as part of a private placement.

Valiant successfully placed a mortgage-backed bond for the eleventh time altogether and for the fourth time this year. The bond has a duration of one year and a coupon of 0%.

The eleventh series was placed privately with institutional investors. Client deposits and Pfandbrief note loans form the third pillar of Valiant’s loan-funding operations. In this way, Valiant is able to additionally reduce its funding costs.

Valiant is planning to continue issuing covered bonds on a regular basis.

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