trending Market Intelligence /marketintelligence/en/news-insights/trending/u2fmoud1a8xo7iqj_hajna2 content esgSubNav
In This List

Valiant Bank issues CHF500M in covered bonds

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Valiant Bank issues CHF500M in covered bonds

Switzerland-based Valiant Bank AG issued CHF500 million in covered bonds.

The notes carry a six-year term and a 0.125% coupon. They were sold at a 100.494% price, equivalent to five basis points below the mid-swap rate.

The Valiant Holding AG unit said the deal gives it a "broader base" to fund its mortgages and small and medium-sized enterprise loans, while reducing funding costs. The bank plans to issue about CHF500 million every year under its covered bond program.