Leonteq announced today the addition of Banque Internationale à Luxembourg (BIL) to its multi-issuer platform, offering investors in EMEA and select APAC countries a broad range of payoffs and underlyings from a European issuer.
At the end of July 2020, Leonteq and BIL agreed to work together in the area of structured investment products. After completion of the first phase of development and implementation, BIL today joined Leonteq’s multi-issuer platform and its products are available for distribution in more than 30 markets across EMEA and selected APAC countries under a Swiss Issuance Programme. As part of this cooperation, BIL acts as the issuer of structured investment products, while Leonteq provides services along the value chain.
The new product offering by BIL consists of a wide range of payoffs and underlyings and will also be available for Leonteq’s clients on LynQs, Leonteq’s one-stop-shop for structured products. In addition, BIL will offer its products to its own clients.
In a second phase, Leonteq and BIL will extend the cooperation aimed at offering products under a European Prospectus in due course.
Alessandro Ricci, Head Investment Solutions and member of the Executive Committee of Leonteq, stated: “We are excited to present Banque Internationale à Luxembourg as a new issuer on our digital marketplace. Through the cooperation we provide our clients exposure to a distinct range of structured investment products issued by a key player in the Luxembourg financial market and a reputable name internationally.”
Stan Gavrailov, Managing Director Head of Distribution and Structuring at Banque International à Luxembourg, said: “We are delighted to be collaborating with Leonteq, who has become one of the leading and most innovative structured product providers in Europe. The partnership will greatly enhance our structured product issuance capabilities and efficiency by offering a range of payoffs through the automated platform. Leveraging on Leonteq’s established global distribution network will also enable BIL to strengthen its visibility and brand recognition across key international markets.”
About BIL Founded in 1856, BIL is the oldest multi-business bank in the Grand Duchy, which has played an active role in the main development stages of the Luxembourg economy. It currently operates in Corporate, Private and Retail banking as well as in the Capital Markets business. Employing approximately 2,000 staff, BIL is present in the financial centres of Luxembourg, Switzerland, Denmark and China. The bank has a Standard and Poor’s A- and a Moody’s A2 long-term issuer rating.
Contact Leonteq Media Relations +41 58 800 1844 media@leonteq.com Leonteq Investor Relations +41 58 800 1855 investorrelations@leonteq.com
LEONTEQ Leonteq is a Swiss company active in the finance and technology sector with a focus on the structured products segment. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 12 countries, through which it serves over 50 markets. Leonteq AG is listed on the SIX Swiss Exchange.
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