‘A sunny day’ as Abbey returns

A syndicate banker in Switzerland called Tuesday a fine day for Swiss franc issuers. Abbey National Treasury, which used to be a prolific issuer in the market, broke its three year absence, shaking off concerns about UK bank risk to double the deal size — but paid a triple digit spread for a Sfr300m three year bond. Will the rest of the week be so upbeat? Read EuroWeek on Friday.