On 18 August 2020 Crédit Agricole next bank (Suisse) SA established its first Covered Bond Programme, in a maximum aggregate principal amount of CHF 2 billion, guaranteed as to payments of interest and principal by CAnb (Suisse) Hypothèques SA. An initial series of covered bonds, in an amount of CHF 200 million, due in September 2029, was issued on 18 September 2020 and listed on SIX Swiss Exchange.