Raiffeisen Switzerland, a cooperative of cooperatives the union of all independent Swiss Raiffeisen banks, has issued a CHF 165 million bail-in bond on Valyo’s capital market platform.

This is reportedly the first bail-in bond has been issued digitally in Switzerland. This is also the first time Valyo has involved a bank in the role of joint lead manager on the platform.

The bond was issued with a term of eight years, a call option after seven years and a coupon of 0.405 percent.

The first trading day on the SIX Swiss Exchange is scheduled for 24 September 2021.

On the Valyo capital market platform, issuers and investors come together directly and process the issue online via the platform, from the recording of transaction data, through book building, to settlement and arranging for the listing of the bond.

Daniel Schwab, CEO of Valyo  said,

“With the issuance of a bail-in bond, we were able to prove our innovation capabilities once again.

 

In addition, it was possible for us to include a bank as a joint lead partner for the first time.”