Goldman scores on Swiss debut
Goldman Sachs made its debut syndicated trade in the Swiss market on Wednesday afternoon, using investor excitement at the issuer’s appearance in the market to fund at a favourable level — a key consideration when it initially probed the market back in September.
Credit Suisse and Goldman Sachs priced the Sfr250m ($264.3m) 1.5% November 2018 bond at 110bp over mid-swaps on Wednesday afternoon, in line with guidance set at the 110bp area. The bank had targeted a minimum size of Sfr150m, but increased the size in response to strong demand.
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