BFCM and CBA return to Swiss francs
Banque Fédérative du Crédit Mutuel and Commonwealth Bank of Australia are both set to price Swiss franc deals in the belly of the curve on Tuesday afternoon, adding to a strong start to 2014 for FIG issuers in medium tenors.
Lead managers BNP Paribas and Royal Bank of Scotland set the spread on BFCM’s five year bonds at 45bp over mid-swaps, in line with guidance of 45bp area.
The issuer initially aimed for a minimum Sfr100m ($110.8m) print, but the final size will be at least Sfr125m, according to
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