BNZ, Sberbank dive in after Swiss market pauses for breath
Bank of New Zealand and Russia’s Sberbank have livened up a sedentary Swiss franc market, launching two deals on Thursday morning. Sberbank launched a minimum Sfr50m increase of its Sfr325m 3.1% 3-1/2 year transaction, which was priced on February 15, while BNZ priced its first Swiss franc note in two years — a Sfr150m three year FRN.
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