Swiss buyers binge on domestic Flughafen

Flughafen Zurich, the city airport, returned to the Swiss franc market after 14 months this week with an oversubscribed Sfr300m 1.25% 2020 note — a testament to Swiss buyers’ heightened home bias amid recent noise around the Eurozone’s peripheral countries, which culminated in Spain’s three notch downgrade to BBB by Fitch on Thursday evening.