Zürcher Kantonal­bank launched a CHF 425 million bail-in bond

Press release from 5 April 2023

Supported by broad demand, Zürcher Kantonalbank has today issued a bail-in bond in the amount of CHF 425 million with a coupon of 2.75%. The bail-in bond counts towards the gone concern capital which systemically important banks are required to hold for regulatory purposes and is assigned an instrument rating of Aa2 by the rating agency Moody's.

The issue price of the new bail-in bond is 100.122% and the settlement will be on 19.04.2023. The bail-in bond is traded under the ISIN CH1239464709 on the SIX Swiss Exchange. The first trading date is 18.04.2023.