Gas Natural, PSP ignite Swiss corporate paper
The Swiss franc corporate bond market sprang to life on Monday, with deals from Spanish gas company Gas Natural and local property developer PSP Swiss Property, along with a two day roadshow from Swissgrid, the company that runs Switzerland’s energy grid (see separate story).
Gas Naturals deal was its debut in Swiss francs, and followed a highly successful 600m 10 year issue the previous Wednesday.
BNP Paribas and Credit Suisse priced the Sfr250m 2.125% February 2019 trade at 163bp over mid-swaps on Monday afternoon.
"Peripheral corporate bonds in Swiss francs have tightened a
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