EIB taps rich pool of Swiss demand for duration
The EIB rode the wave of demand for duration in the Swiss franc market on Friday when it priced a Sfr150m ($165.8m) 1.625% 14 year note. The deal was prompted by strong demand for long-dated paper from domestic investors who want to extend their portfolio duration and match the Swiss Bond Index’s average maturity which lengthened last month.
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