Slovakia takes another hit of Swissies to reach new high
The Slovak Republic returned to the Swiss franc market on Monday, after pricing its debut Sfr425m dual trancher in April, to tap the 10 year clip by Sfr75m. The tap took the overall deal’s size to Sfr500m – an unvoiced ambition that the borrower had harboured since the original deal.
Inclement market conditions back in April – Slovakia’s was the only trade of the week when it came – had limited the deal’s volume to Sfr425m, although this was still considered a roaring success for a debut EM borrower.
Lead managers Royal Bank of Scotland and UBS priced the
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