Successful bond issue
The Banque Cantonale de Genève (BCGE) issued a CHF 100 million bond with a fixed coupon of 1.875% maturing on 9 December 2030. The operation has been highly successful with investors.
Very favourable issuing conditions
The Banque Cantonale de Genève has just successfully issued a new bond on the Swiss market. This loan enables the bank to complete its long-term refinancing and to support the growth of financing for companies and individuals. This also increases the bank’s margin of safety with regard to the liquidity ratio requirements of Basel III.
The quick and successful placement of this issue reflects the investors’ confidence in the institution and confirms its excellent reputation as an issuer. BCGE is currently rated AA-/A-1+/Stable by Standard & Poor’s.