CapLaw-2023-21

  • CHF 425 Million Issuance of Bail-in Bonds by Zürcher Kantonalbank

    On 5 April 2023, Zürcher Kantonalbank priced its inaugural CHF 425 m Bail-in Bond issuance. ZKB’s Bail-in Bonds are novel instruments which have been designed and issued on the basis of a new legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (TLAC) Bonds. The Bail-in Bonds provide for the issuance of a recovery certificate (Besserungsschein)…

    By

    CapLaw

    Reference:
    Read more: CHF 425 Million Issuance of Bail-in Bonds by Zürcher Kantonalbank