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3 years ago
BRIEF-Luzerner Kantonalbank issues 2.250 pct subordinated additional Tier 1 bond
February 5, 2015 / 4:38 PM / 3 years ago

BRIEF-Luzerner Kantonalbank issues 2.250 pct subordinated additional Tier 1 bond

Feb 5 (Reuters) - Luzerner Kantonalbank AG :

* Issuing a subordinated, perpetual 2.250 percent bond for 100 million Swiss francs ($108 million) to strengthen the substance of the bank (additional Tier 1)

* Rate of issue is 100 percent

* Closing of subscription on March 4 Source text: bit.ly/16GS5zI Further company coverage: ($1 = 0.9242 Swiss francs) (Gdynia Newsroom)

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