Bawag PSK sneaks into Swiss history

Silas Brown

October 13, 2016 08:00 pm

Swiss flag 230x150 — A supporter of Switzerland's Roger Federer holds up his national flag during his fourth round match against David Goffin of Belgium at the Australian Open tennis championships in Melbourne, Australia, Sunday, Jan. 24, 2016.(AP Photo/Vincent Thian) | Vincent Thian/AP/Press Association Images

Bawag PSK became the first bank to print a senior unsecured note offering a negative yield in Swiss market history this Wednesday. Swiss bankers wonder how the small A3 rated Austrian borrower managed to sneak into the record books.

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Topics

Europe Citi EMEA FIG Austria Swiss Francs

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Silas Brown