Swiss Life takes second zero coupon convertible bond since financial crisis
Investor demand for rare Swiss franc equity linked paper allowed Swiss Life to price a Sfr500m zero coupon convertible bond, only the second in Europe since the financial crisis.
While the pricing on the Sfr500m ($546.1m) seven non call four year deal was not generous, investors flocked to the transaction and there were 250-300 orders.
“Swiss paper is very patchy in the market — there are only a few names and nothing really blue chip in the
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