CS and Sparebank go long to avoid negative yields

David Freitas

September 05, 2019 07:15 pm

Long_Alamy_230x150 — BAJXAH Long straight quiet country road with roadside Daffodils in Northumberland National Park. Northumberland England UK Britain.. Image shot 04/2009. Exact date unknown. | Alamy Stock Photo

Credit Suisse and SpareBank 1 priced deals in senior format this week, choosing longer maturities to avoid entering negative yield territory. SpareBank 1’s €500m green bond attracted demand of €700m but leads were not able to tighten pricing to the tight end of their price guidance.

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Topics

Switzerland Senior Debt Credit Suisse BNP Paribas Commerzbank Europe EMEA FIG ING

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David Freitas