CS in senior spotlight as Santander disappoints
Credit Suisse is set to take centre stage in the euro senior market later on Tuesday when it prices a new five year self-led issue. The issuer has not been to the euro fixed rate market since January and the deal has whetted strong investor appetite.
At 11am, it had amassed more than Eu1.75bn of orders. The deal is set to be priced at the tight end of the 92bp-95bp over mid-swaps revised price guidance.
Bankers away from the deal thought guidance looked fair. Given that they have a January 2013 trading at 45bp
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