Jackson National Life hits Swiss market after 10 year absence
Jackson National Life (JNL), the US insurance company, was drawn to the Swiss market on the strength of an attractive basis swap, which allowed the eight year bond to be priced some 10bp-15bp within the firm's dollar funding curve.
A mixture of moving rates, and an increasingly attractive dollar basis swap, opened a window for Jackson National Life to issue in Swiss market for the first time since their last issuance in 2007.
"There were a couple of moments in the last 12 months where it made sense,
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