New Issue- VP Bank AG prices dual tranche deal

VP Bank AG

06/03/2015 11:54

March 6(Reuters) -Following are terms and conditions 
    of a dual tranche deal priced on Friday.  
      
    Borrower                VP Bank AG  VPB.S  
    * * * * 
    Issue Amount            100 million Swiss francs 
    Maturity Date           April 7, 2021 
    Coupon                  0.5 pct 
    Issue price             100.74 
    Reoffer price           100.74 
    Spread                  48 basis points 
    Underlying govt bond    Over Mid-swaps 
    ISIN                    CH0262888933 
    * * * * 
    Tranche 2 
    Issue Amount            100 million Swiss francs 
    Maturity Date           April 7, 2024 
    Coupon                  0.875 pct 
    Issue price             100.89 
    Reoffer price           100.89 
    Spread                  55 basis points 
    Underlying govt bond    Over Mid-swaps 
    ISIN                    CH0262888941 
    * * * * 
    Common terms 
    Payment Date            April 7, 2014 
    Lead Manager(s)         UBS, Deutsche Bank & VP Bank (JLNB) 
    Denoms (K)              5 
    Negative Pledge         Yes 
    Cross Default           Yes 
    Governing Law           Swiss 
     
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    where assigned, and hit the newskey (F9 on Reuters terminals) 
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