BCI makes quick return to Swiss francs
Chilean financial Banco de Crédito e Inversiones is set to sell its second Swiss franc bond on Tuesday afternoon, a short dated note that secured the borrower a healthy arbitrage compared to its funding costs in dollars.
BNP Paribas and Credit Suisse have set pricing on the Sfr120m ($132.3m) 0.75% December 2015 bonds at 70bp over mid-swaps, in line with guidance of 70bp area. The deal was announced as a Sfr120m no-grow and books went subject in less than 10 minutes.
The issuer also has
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