Liechtensteinische Landesbank AG completes CHF 200 million senior preferred bond issuance

The Liechtensteinische Landesbank AG (LLB) successfully closed a senior preferred bond issue of CHF 200 million on 16 March 2026. The fixed‑interest instrument was issued in the form of a ten‑year senior preferred bond, offering a yield of 1.3525 % at maturity. The bond, bearing the ISIN CH1515238538, will be listed on the SIX Swiss Exchange from 9 April 2026 and will be available for trading in the secondary market.

Investor confidence underlined by strong demand

The issuance was met with robust demand from institutional investors, underscoring the market’s confidence in LLB’s strategy and its resilient business model. Group CEO Christoph Reich noted that the “large interest in our bond confirms investors’ confidence in our strategy and the strength of our business model.” The successful placement reaffirms the bank’s standing as a well‑capitalised institution in both Liechtenstein and Switzerland.

Solid capital position and credit quality

LLB’s Tier‑1 ratio stood at 19.0 % at the time of the issue, backed by equity capital of CHF 2.4 billion. This strong capital base is complemented by a Moody’s deposit rating of Aa2, signalling a high credit quality and financial strength. The combination of a high Tier‑1 ratio and a robust rating positions LLB favourably for future capital‑raising activities and enhances its capacity to support the diverse range of banking services it offers, including corporate financing, home mortgages, asset management, and investment funds.

Key dates and forthcoming events

  • 9 April 2026 – Bond listing on the SIX Swiss Exchange.
  • 17 April 2026 – 34th ordinary General Meeting of Shareholders.
  • 19 August 2026 – Publication of the 2026 interim financial results.

These events will provide shareholders and market participants with further insight into LLB’s performance and strategic direction.

Market context

As of 12 March 2026, LLB’s share price closed at CHF 96.2, within a 52‑week range of CHF 70.4 to CHF 99.9. With a market capitalization of approximately CHF 2.92 billion and a price‑earnings ratio of 17.56, the bank’s shares remain an attractive component of the financial sector within the Swiss market. The recent bond issuance enhances liquidity and offers a stable, low‑yield investment option for the broader investor base.

The successful CHF 200 million bond issue demonstrates LLB’s continued commitment to maintaining a solid capital structure while providing value to investors and stakeholders in a competitive banking environment.