Alpiq, Clariant and RCI Banque take over Swissie market for a day
Swiss franc corporate bond flow returned at full blast this week, with three deals in a day on Tuesday. RCI Banque, Renault’s financing arm, was joined by domestic issuers Alpiq, a Swiss utility, and chemicals company Clariant.
RCI Banque enjoyed a strong investor response when it issued its third ever Swiss franc bond via BNP Paribas a Sfr200m 2.5% 3.25 year note priced at 220bp over mid-swaps and offering a 2.44% reoffer yield.
The borrower, which investors include in the corporate rather than in
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