Business · Markets · 2 hrs ago

Aargau Cantonal Bank issues 150 million-franc green bond

Aargau Cantonal Bank issues 150 million-franc green bond

Aargau Cantonal Bank (AKB) is issuing a green bond worth 150 million Swiss francs.

The bond is unsecured and guaranteed by the canton of Aargau.

It has a coupon of 1.2% and an eight-year term, ending on 26 October 2034.

The issue price is 100.304% of the bond’s face value, and its yield to maturity is 1.16%.

The bond is due to be listed on the SIX Swiss Exchange from 23 October 2026.

The proceeds are associated with a green bond, but no details are given about how they will be used.

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