Bharat and Safra mandate for Swiss roadshows
Swiss syndicate bankers are expecting a renewed surge of emerging market issuance in the near future, with Indian issuer Bharat Petroleum and Brazilian financial Banco Safra both mandating for roadshows next week.
BNP Paribas, Deutsche Bank, Royal Bank of Scotland and UBS will arrange investor meetings for Bharat in Switzerland beginning February 24. A debut Swiss franc trade could follow if market conditions allow.
The state owned issuer has previously issued bonds in Indian rupees and dollars. Bharat is rated
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