Inspection group SGS issues Sfr250m, starts bond exchange
Société Générale de Surveillance, the Swiss company specialising in industrial inspection, verification, testing and certification, priced a new 10 year Swiss franc bond on Thursday.
It also announced plans for a debt exchange, scheduled to begin on Friday.
Credit Suisse, Royal Bank of Scotland, UBS and Zürcher Kantonalbank priced the Sfr250m ($277m) 1.75% February 2024 bonds at 37bp over mid-swaps, at the tight end of guidance of 40bp area.
The issuer aimed for
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