Bond Aargauer Kantonalbank 0.06% ( CH0328599235 ) in CHF

Issuer	Aargauer Kantonalbank
Market price	99.92 % ▲
Country	Switzerland
ISIN code	CH0328599235 ( in CHF )
Interest rate	0.06% per year ( payment 1 time a year)
Maturity	30/06/2025 - Bond has expired
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Detailed description	Aargauische Kantonalbank (AKB) is a cantonal bank in the Swiss canton of Aargau, offering a wide range of financial services to private and corporate clients. This financial analysis focuses on a specific bond identified by ISIN CH0328599235, issued by Aargauische Kantonalbank, a prominent Swiss cantonal bank. Aargauische Kantonalbank (AKB) operates as a public-law institution within the Canton of Aargau, Switzerland, embodying the robust and often state-backed model of Swiss cantonal banks, which typically benefit from cantonal guarantees or strong governmental support, underpinning their high credit ratings and stability in the financial market as they serve local communities and businesses. This particular bond, denominated in Swiss Francs (CHF) and issued in Switzerland, featured a notably low annual interest rate of 0.06% and was set to mature on June 30, 2025, with payments occurring once a year. While its market performance showed a reported price of 99.92% just prior to its final settlement, it is important to note that this debt instrument has now reached its scheduled maturity date and has been fully redeemed, concluding its term as a fixed-income asset.