The bank successfully issues a Social Bond

Geneva, 22 May 2024 – Banque Cantonale de Genève (BCGE) has issued a social bond in the amount of CHF 100 million, with a fixed coupon of 1.60%, to mature on 10.06.2030. The operation has been highly successful with investors.

The bank successfully issues a Social Bond

Very favourable bond issuance conditions

The Bank has successfully placed a new bond on the Swiss market. This social bond complies with the principles of the International Capital Market Association (ICMA) and will facilitate the Bank’s long-term refinancing and ability to financially support public interest projects in the Canton of Geneva.

The quick and successful placement of this issue reflects the high level of investor confidence in the Bank, as well as its excellent reputation as an issuer. BCGE is rated AA-/A-1+/Stable by Standard & Poor’s.