Mortgage backed bonds
The Swiss Pfandbrief® is a bond in the form of a book-entry bond. It has a fixed coupon and a predefined maturity. The covered bonds are backed by a real estate lien, which provides the highest possible level of security. The covered bonds are listed on the Swiss Stock Exchange (SIX) and can be traded at any time. At maturity, redemption at par value is guaranteed. Since it was founded in 1931, Pfandbriefzentrale has always met its obligations on time and in full.