Swissies pick up as investors return to market

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Swissies pick up as investors return to market

Swiss_franc_AdobeStock_575x375_13Feb20
One Swiss Franc coin on fluctuating graph. Rate of the Swiss Franc (shallow DOF) | VALERIYA POTAPOVA/Valerie Potapova - stock.adobe.com

Having dropped off in early March, Swiss franc issuance has bounced back in the last fortnight, buoyed by returning investors flocking to low investment-grade rated borrowers, like triple-B rated cement manufacturer LafargeHolcim, and piling into a record-breaking foreign covered bond.

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