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ItalianoBond Pfandbriefzentrale der schweizerischen Kantonalbanken 0.25% ( CH0240623741 ) in CHF
| Issuer | Pfandbriefzentrale der schweizerischen Kantonalbanken | ||||||
| Market price | 100 % ⇌ | ||||||
| Country |  Switzerland
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| ISIN code |
 CH0240623741 ( in CHF )
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| Interest rate | 0.25% per year ( payment 1 time a year) | ||||||
| Maturity | 06/21/2018 - Bond has expired | ||||||
| Minimal amount | 5 000 CHF | ||||||
| Total amount | 412 000 000 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. An in-depth analysis details a bond issued by Pfandbriefzentrale der schweizerischen Kantonalbanken. This entity, the Central Pfandbrief Office of the Swiss Cantonal Banks, is the central issuer of Pfandbriefe, a specific type of covered bond, for the Swiss Cantonal Banks. Pfandbriefe are renowned for their high credit quality, typically backed by prime mortgage loans or public sector assets, making them a cornerstone of the fixed-income market. Designated by ISIN CH0240623741 and issued in Switzerland, this particular bond was denominated in Swiss Francs (CHF) and carried a coupon interest rate of 0.25%. The total issue size amounted to CHF 412,000,000, with a minimum subscription lot of CHF 5,000. It paid interest annually, and was observed at 100% of its par value at the time of its maturity on June 21, 2018. As reported, this obligation has since fully matured and been successfully redeemed. |
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