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Corp Bonds

Roche ‘deal of the year’ dazzles Swiss market

A jumbo Sfr1.5bn triple trancher from domestic pharmaceutical giant Roche dominated the Swiss franc bond market this week, attracting Sfr2.5bn of orders from across the currency’s investor base and drawing immediate accolades. "This is the deal of the week and the deal of the year. It’s a trade everyone was involved in," said a banker away from the offering.

  • 24 Feb 2012

"Investors would have bought this at almost any price," added a Zurich banker.

Besides its undisputed name recognition, a range of maturities to access different areas of demand and ratings of A1 (Moody’s) and AA- (Fitch), Roche offered significant rarity value. The company last tapped its domestic market back ...

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1 Barclays 17,257.25 60 8.65%
2 BNP Paribas 16,690.87 90 8.37%
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5 SG Corporate & Investment Banking 13,054.53 72 6.55%

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1 JPMorgan 6,553.35 48 9.05%
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5 BNP Paribas 4,314.52 38 5.96%

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1 JPMorgan 20,878.79 132 10.47%
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5 Citi 15,000.72 106 7.52%

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Rank Lead Manager Amount $m No of issues Share %
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  • 28 Jul 2015
1 Barclays 18,517.67 58 8.74%
2 HSBC 16,250.80 69 7.67%
3 SG Corporate & Investment Banking 14,014.97 68 6.61%
4 BNP Paribas 13,940.59 72 6.58%
5 Deutsche Bank 12,653.22 45 5.97%