Zurich zips into Swiss franc hybrid
Investors snapped up Sfr575m of a perpetual non-call 5.5 year deal from Zurich, less than a week after scrambling to get hold of a hybrid from Helvetia Insurance. Buyers found Zurich’s 4.25% coupon appealing. Does the success of the first ever rated Swiss franc domestic hybrid show that the market is finally taking to the structure? Read EuroWeek on Friday.
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