Business
Banque Cantonale de Geneve : The bank issues first bond in euros
Banque Cantonale de Geneve : The bank issues first bond in
About this update from Banque Cantonale De Geneve Sa
[{"type":"text","content":"BCGE is the first Category 3 cantonal bank to issue a euro-denominated bond on the European market. With this bond, the Bank can diversify its sources of financing and complete its long-term refinancing. By targeting the European market, the Bank is widening its investor base and raising its international profile. It is supporting growth in financing for businesses and individuals. This issue also increases the Bank's margin of safety with regard to the liquidity ratios required by the regulatory framework.\n The new bond issue was extremely well received, and its successful placement reflects the confidence of investors in the Bank. It also confirms BCGE's high issuer quality, reflected in its Standard & Poor's rating of AA-/A-1+/Stable.","length":918,"tagName":"div"}]