Expect larger volumes from foreign issuers in Swiss market

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Expect larger volumes from foreign issuers in Swiss market

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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

The Swiss market shed roughly Sfr3bn ($2.93bn) of foreign issuance this year from last year. Expensive basis swaps and cheap funding for investment grade borrowers in euros and dollars drew foreign issuers away. But, if global rates rise next year, the foreign borrowers will return, Swiss bankers say.

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