Zürcher Kantonal­bank placed a EUR 500m Tier 2 bond

Media release from 6 April 2022

Supported by broad demand, Zürcher Kantonalbank has today issued a Tier 2 bond with contingent write-down in the amount of EUR 500 million with a coupon of 2.02%. The Tier 2 bond is counted towards the gone concern capital which systemically relevant banks are required to hold for a potential restructuring and is assigned an instrument rating of Aa2 by the rating agency Moody's. The issue price of the new Tier 2 bond is 100% and the settlement will be on 13.04.2022. The Tier 2 bond is traded under the ISIN CH1170565753 on the Swiss stock exchange SIX Swiss Exchange. The first trading date is 13.04.2022.