Bond Kantonalbank Pfandbriefzentrum 0.2% ( CH0570576055 ) in CHF

Issuer	Kantonalbank Pfandbriefzentrum
Market price	100 % ⇌
Country	Switzerland
ISIN code	CH0570576055 ( in CHF )
Interest rate	0.2% per year ( payment 1 time a year)
Maturity	22/05/2042
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Minimal amount	100 CHF
Total amount	/
Next Coupon	22/05/2026 ( In 66 days )
Detailed description	The Pfandbriefzentrale der schweizerischen Kantonalbanken is a central institution for issuing Swiss cantonal bank covered bonds, ensuring standardized processes and high creditworthiness. This financial article provides a detailed overview of the bond identified by ISIN CH0570576055. The bond's issuer is the Pfandbriefzentrale der schweizerischen Kantonalbanken, a highly reputable central institution in the Swiss financial market responsible for issuing Pfandbriefe, which are a form of covered bonds. These bonds are specifically backed by a robust pool of high-quality mortgage loans originated by Swiss cantonal banks, providing exceptional security and typically earning top-tier credit ratings due to their stringent legal framework and asset-backed nature. Issued in Switzerland and denominated in Swiss Francs (CHF), this particular obligation is currently trading at its par value of 100% on the market. It carries a fixed annual interest rate, or coupon, of 0.2% and features a distant maturity date of May 22, 2042, positioning it as a long-term debt instrument. Interest payments are scheduled annually, with a frequency of one payment per year. The bond is accessible with a minimum lot size of 100 units, representing the smallest transferable nominal amount.