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

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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