LKB debut and Raiffeisen tap sustain Swiss LT2 surge

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LKB debut and Raiffeisen tap sustain Swiss LT2 surge

Swiss investors’ preference for domestic names and their hunt for yield amid low rates drove more old-style lower tier two transactions this week. Luzerner Kantonalbank priced its inaugural subordinated note, while Raiffeisen Switzerland increased a recent issue of the product by more than a third.

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