MSC cruises through records with unrated Swissie

By Silas Brown
15 Jun 2017

MSC Cruises, the European cruise company, raised Sfr335m ($343.34m) in the Swiss bond market on Thursday, a record size for an unrated issuer which left the market wondering if a new type of borrower has found a Swiss home.

“MSC Cruises could never have found funds in the Swiss market three years ago,” said one Swiss banker familiar with the deal.

MSC, the largest European cruise company by number of employees, offered its ...

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