Cades breaks Sfr SSA silence

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Cades breaks Sfr SSA silence

Caisse d’Amortissement Dette Sociale (Cades) harnessed the Swiss franc market’s strong demand for SSA paper with a Sfr200m deal on Thursday. Despite unfavourable basis swaps that have mostly kept top rated names out of the currency, the 12 year followed the French agency’s Sfr150m 14 year note in February.

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