Flughafen offers long haul destination as Swiss market breathes sigh of relief

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By Silas Brown
08 May 2017

Flughafen Zurich, the company responsible for operating Zurich airport, offered Swiss franc bond investors a 12 year note on Monday as the market soared on Emmanuel Macron’s ascendance to the French presidency.

Leads Credit Suisse, Raiffeisen Schweiz and Zurich Kantonalbank released guidance of 25bp-28bp on Monday morning, with an initial size of Sfr250m ($250m).

“Not many corporates have the ability to lure Swiss investors out that long,” said one banker on the deal. “But, institutional investors are prepared to participate ...

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