SGS serves up nines to hungry Swiss market

By Silas Brown
30 Jan 2017

SGS, the A3 rated testing and inspection company, offered a nine year bond to a Swiss market in search of corporate paper this week. Books were open for just 45 minutes before the Sfr375m ($378m) maximum mandated size was reached.

Credit Suisse, UBS and Zürcher Kantonalbank (ZKB) were mandated last week by the SMI-listed Swiss firm. The plan was to sound out investors on Monday morning about a maturity of between eight and 10 years.

Soft orders were placed on Monday morning, allowing the leads to ...

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