Bond Kantonalbank Pfandbriefzentrum 1.625% ( CH0141219698 ) in CHF
| Issuer | Kantonalbank Pfandbriefzentrum |
| Market price | 100 % ⇌ |
| Country | Switzerland
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| ISIN code |
CH0141219698 ( in CHF )
|
| Interest rate | 1.625% per year ( payment 1 time a year) |
| Maturity | 31/10/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 5 000 CHF |
| Total amount | 395 000 000 CHF |
| Detailed description |
The Pfandbriefzentrale der schweizerischen Kantonalbanken is a central institution for issuing Swiss cantonal bank covered bonds, ensuring standardized processes and high creditworthiness. A recent development in the Swiss fixed-income market highlights the successful conclusion of the Pfandbriefzentrale der schweizerischen Kantonalbanken bond, identified by ISIN CH0141219698, which reached its scheduled maturity on October 31, 2024, and has since been fully reimbursed. This particular debt security, denominated in Swiss Francs (CHF), has concluded its lifecycle, with its principal amount fully repaid to investors at its par value, reflecting a 100% redemption rate on the market price. The issuer, Pfandbriefzentrale der schweizerischen Kantonalbanken, holds a pivotal position in the Swiss financial infrastructure as the central issuing entity for Pfandbriefe (covered bonds) on behalf of the Swiss Cantonal Banks. These institutions are integral to the Swiss banking sector, and the Pfandbriefzentrale facilitates their long-term funding needs by issuing highly rated, secured bonds, primarily backed by robust mortgage loan portfolios, thereby offering investors significant security and stability. Throughout its tenure, this bond provided a consistent annual coupon rate of 1.625%, with interest payments disbursed once per year to its holders, ensuring a predictable income stream. The total original issuance size for this instrument was a substantial CHF 395,000,000, with a minimum lot size for purchase set at CHF 5,000, making it accessible to a range of institutional and private investors. The successful maturity and reimbursement of this bond at its face value underscore the issuer's unwavering financial strength and its commitment to meeting all debt obligations, reinforcing investor confidence in the quality of Pfandbriefe issued by this central entity and marking a successful completion of its financing cycle. |
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