Today, Zürcher Kantonalbank has issued a new Additional Tier 1 (AT1) bond with contingent write-down with a notional amount of CHF 275 million and a coupon of 1.75%, meeting a broad demand especially from institutional investors. The new AT1 bond further strengthens the bank's solid capital base. The AT1 bond has been assigned a Moody's Baa1 instrument rating.
The issue price of the new AT1 bond is 100% and its payment date is 16 October 2020. The AT1 bond will be traded on the Swiss stock exchange SIX Swiss Exchange with the ISIN CH0536893321. The first trading date is 15 October 2020.