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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Rank Lead Manager Amount $m No of issues Share %
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  • 08 Feb 2016
1 Bank of America Merrill Lynch 8,411.21 26 4.73%
2 Deutsche Bank 7,686.33 17 4.32%
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Rank Lead Manager Amount $m No of issues Share %
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  • 09 Feb 2016
1 SG Corporate & Investment Banking 1,847.53 6 14.23%
2 Deutsche Bank 1,509.53 5 11.63%
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5 Bank of America Merrill Lynch 854.09 6 6.58%

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Rank Lead Manager Amount €m No of issues Share %
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1 SG Corporate & Investment Banking 135.40 2 10.16%
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4 Deutsche Bank 98.99 2 7.43%
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Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,641.25 5 16.75%
2 Barclays 1,416.67 4 14.46%
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4 Citi 974.11 3 9.94%
5 SunTrust Robinson Humphrey Inc 945.48 4 9.65%

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Rank Lead Manager Amount $m No of issues Share %
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  • 09 Feb 2016
1 Deutsche Bank 4,898.75 3 8.43%
2 SG Corporate & Investment Banking 4,263.32 6 7.34%
3 ING 3,428.75 2 5.90%
4 HSBC 3,208.94 6 5.52%
5 Barclays 2,962.51 4 5.10%