RCI Banque joins Swiss market reopening
Swiss franc market activity picked up after a month of turmoil that has seen the Swiss National Bank make repeated attempts to depress the country’s soaring currency. RCI Banque followed América Móvil’s Sfr270m trade (see separate story) with a Sfr175m 3% three year bond. Swiss Life also issued a Sfr100m tap of its 5.25% five year perpetual note.
The positive sentiment driven by América Móvils bond and recuperating equity markets brightened market prospects this week.
RCI Banque, the financing arm for Renault and Nissan, took advantage of the window of positive sentiment that had been opened by América Móvils bond and improving equity markets to issue
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