BSTDB Issued CHF 200M Bond

News | 08-Nov-2019

The Black Sea Trade and Development Bank (BSTDB) has issued its third Swiss Franc (CHF) bond following well-received investor presentations in Zurich and Geneva. 

The CHF 200 million senior unsecured bond has a 3.5 year maturity and a coupon of 0.45%. Credit Suisse was Lead manager for the issue. 

The issuance diversified the BSTDB’s funding profile and attracted investors from private banks, asset managers, pension funds and insurance companies.

The proceeds will assist BSTDB to implement its ambitious growth strategy adopted for the period 2019-2022.