Swiss Re dollar deal shows investors still hungry for sub debt
Swiss Re drew an almost four times oversubscribed order book for its debut dated dollar sub print on Thursday, with leads pricing the deal inside of initial price thoughts. The deal shows that appetite for sub debt remains robust among investors, even following starkly reduced demand in the market for additional tier one paper for prints from Santander and UniCredit earlier this week.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts