Zurich, Switzerland, 18 September 2020
On 18 August 2020 Crédit Agricole next bank (Suisse) SA established its first Covered Bond Programme, in a maximum aggregate principal amount of CHF 2 billion, guaranteed as to payments of interest and principal by CAnb (Suisse) Hypothèques SA. An initial series of covered bonds, in an amount of CHF 200 million, due in September 2029, was issued on 18 September 2020 and listed on SIX Swiss Exchange.
Bär & Karrer acted as counsel to Crédit Agricole next bank (Suisse) in connection with the establishment of the Programme and the initial issuance of covered bonds thereunder. The team included Frédéric Bétrisey, Tatiana Ayranova and Vera Waldburger (all Banking/Capital Markets), as well as Christoph Suter and David Weimann (both Tax).
For further information please contact:
Media Relations, Eric Stupp
Tel: +41 58 261 50 00
Email: eric.stupp@baerkarrer.ch